Deutsche Post to Buy Back Up to EUR1 Billion in Stock; Declares Dividend for 2020
By Olivia Bugault
Deutsche Post AG said Monday that it will start a buyback
program this month for up to 1 billion euros ($1.19 billion) in
shares, and proposed a dividend for 2020.
"The decision to initiate a share buyback program is in line
with the group's corporate finance policy and is to be seen against
the background of the strong free cash flow generation amounting to
EUR 2.5bn for FY 2020 and the positive further outlook," it
The buyback program will last no more than a year, the German
freight-and-logistics group said.
Deutsche Post also declared a dividend of EUR1.35 a share for
2020, higher than for the previous year.
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(END) Dow Jones Newswires
March 08, 2021 08:47 ET (13:47 GMT)
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