Deutsche Telekom AG plans a dividend increase for 2023 and share buybacks for 2024
Deutsche Telekom plans to increase the dividend for the 2023 financial year to 0.77 euros per share, compared to 0.70 euros per share for the 2022 financial year. In addition, the board surprisingly announced that share buybacks of up to 2 billion euros are planned for 2024. According to analysts, this dividend increase and planned share buybacks could have a positive impact on the market and shareholders. A higher dividend could increase investor interest in Telekom shares, which could lead to an increase in the share price. The planned share buybacks could also have positive effects. By …

Deutsche Telekom AG plans a dividend increase for 2023 and share buybacks for 2024
Deutsche Telekom plans to increase the dividend for the 2023 financial year to 0.77 euros per share, compared to 0.70 euros per share for the 2022 financial year. In addition, the board surprisingly announced that share buybacks of up to 2 billion euros are planned for 2024.
According to analysts, this dividend increase and planned share buybacks could have a positive impact on the market and shareholders. A higher dividend could increase investor interest in Telekom shares, which could lead to an increase in the share price.
The planned share buybacks could also have positive effects. By buying up its own shares, the company can increase the value of the remaining shares, thereby providing additional value to shareholders.
According to a report from finanzen.net, the price of Deutsche Telekom shares increased by 3.01 percent after the announcement and reached a level of 21.38 euros.
Overall, these measures taken by the Board of Directors signal positive business development and can strengthen shareholders' trust in Deutsche Telekom. However, it remains to be seen how the final business figures for 2023 will develop and whether the dividend will ultimately be approved by the general meeting.
Source: www.finanzen.net
Read the source article at www.finanzen.net