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Deutsche Bank announces 300 million euro share buyback -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A woman walks past a Deutsche Bank office in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo

FRANKFURT (Reuters), -Deutsche Bank stated Wednesday that they will buy back shares worth 300 million Euros (338.2 million) and give a 2021 dividend.

In the second half of 2011, we will complete the share buyback. The share dividend is 0.20 euros per share.

Germany’s top lender has paid an 11-cent dividend in 2018 for the first time.

Deutsche claimed that shareholders will benefit from the capital gains of these two transactions, which total approximately 700 million euros.

The bank stated that it represents “a first step toward a previously committed commitment to return capital of 5 billion euros to shareholders over the course of time”.

($1 = 0.8862 euros)

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