Deutsche Telekom plans higher dividends and share buybacks for 2023 and 2024

Deutsche Telekom plans higher dividends and share buybacks for 2023 and 2024

According to a report by www.digital Fernsehenen.de,

Deutsche Telekom is planning a higher dividend for the 2023 financial year and extensive share buybacks for 2024. The dividend is to be increased by 10 percent from 0.70 euros to 0.77 euros per share. In addition, it is planned to carry out share buybacks amounting to up to 2 billion euros in order to offset any dilutive effect. The decision on the planned increase in the dividend is still subject to approval by the general meeting and all legal conditions have been met.

The planned dividend and share buybacks could have a significant impact on the market and shareholders. A higher dividend can increase the attractiveness of Telekom shares for potential investors and continue to retain existing shareholders. In addition, the share buybacks could stabilize the value of the shares and offset the dilutive effect, which in turn could increase investor confidence.

Deutsche Telekom AG's announcement is a clear signal of the company's future plans and could increase investor confidence. Even if the final impact will only be visible in the future development of Telekom shares, the planned increased dividend and share buybacks are an important step in consolidating shareholder confidence and strengthening the company's long-term competitiveness.