Deutsche Bank purchases additional shares worth an additional 250 million Euros
Deutsche Bank, one of the world's leading financial institutions, has announced a new share buyback programme worth 250 million euros. This is the second share buyback announcement by the bank in 2023, following an initial buyback announced earlier in the year.
The share buyback, which is scheduled to start on Wednesday and end by November 19, is being overseen by the banking regulator. The programme forms part of Deutsche Bank's strategy to return excess capital to its shareholders. Since April 1, the bank has already acquired shares worth 750 million euros through a similar programme.
The total amount distributed by Deutsche Bank through share buybacks and dividends is expected to reach around 5.6 billion euros by 2022, with the dividend per share set at 68 cents. The bank's CEO, Christian Sewing, made the announcement on Tuesday.
It is important to note that the share buyback and dividend distribution are not limited to a specific amount beyond what has been mentioned. They are also not influenced by any specific regulatory changes or announcements, nor by any significant changes in Deutsche Bank's financial status or performance.
This latest share buyback is not the first action of this kind by Deutsche Bank in 2023. The bank has already distributed more than 2.3 billion euros through share buybacks and dividends, with plans to continue these distributions until 2025.
The exact volume of the share buyback announced in July was not specified. However, the planned total share buyback of Deutsche Bank in 2021 amounted to approximately 750 million euros.
Deutsche Bank's share buyback and dividend distribution are part of a broader trend among global banks to return capital to shareholders. As the bank continues to perform well and manage its capital effectively, investors can expect further announcements of this nature in the future.
