Adidas to Resume Dividends with Lower Proposed Payout
February 22 2021 - 7:42AM
Dow Jones News
By Pietro Lombardi
Adidas AG will resume its dividends and propose to pay 3 euros
($3.64) a share for 2020, subject to approval by the Supervisory
Board.
The German sporting-goods company said Monday the dividend
proposal "reflects the company's strengthened financial profile as
well as Management's positive outlook for the current year."
Adidas suspended its proposed EUR3.85-a-share dividend for 2019
last year as part of conditions attaching to a loan from a German
state-backed development bank.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
February 22, 2021 07:27 ET (12:27 GMT)
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