The institute last paid a dividend of eleven cents in 2019 for the 2018 financial year.
(Photo: Reuters)
Frankfurt After a long dry spell, Deutsche Bank shareholders are to receive a share in the profits again. The Frankfurt money house announced on Wednesday that it would buy back its own shares for 300 million euros in the first half of 2022 and pay a dividend of 20 cents per share for 2021.
Overall, this would mean a distribution of around 700 million euros to the shareholders. This is a first step towards the goal of paying out five billion euros to shareholders over time. The institute last paid a dividend of eleven cents in 2019 for the 2018 financial year.
In all likelihood, Deutsche Bank has significantly increased its profits over the past year. Analysts expect billions in profit for 2021 as a whole. The group will publish the exact figures this Thursday (7:00 a.m.).