Share buyback program: Deutsche Post shares increase: Deutsche Post increases dividend significantly and buys its own shares | message


The dividend is to increase to 1.35 euros per share for 2020 from 1.15 euros each for 2019 and 2018. “The decision to initiate a share buyback program is in line with the Group’s financial policy and is to be seen against the background of the strong free cash flow generation of 2.5 billion euros in the 2020 financial year and the positive outlook for the future,” said the Bonn-based DAX group. The repurchased shares will either be withdrawn or used to service long-term compensation programs.

The dividend is significantly higher than the 1.26 euros per share that analysts in the consensus of S&P Global Intelligence had expected on average. It is 10 cents more than the 1.25 euros per share originally planned for 2019, which the Post had reduced by 10 cents after the spread of COVID-19.

According to preliminary figures, in mid-January, Deutsche Post significantly exceeded the forecast for 2020, which was raised in October, and issued a strong outlook up to 2022. The Bonn-based logistics group wants to publish the detailed figures and forecasts up to 2023 on Tuesday.

Deutsche Post is among the front runners in the Dax – buybacks and dividends

Deutsche Post shares increased their profits significantly on Monday. While other Corona profiteers were under pressure, the day was sweetened for shareholders with announced share buybacks and an increased dividend. In the afternoon they made it into XETRA trading with an increase of 4.6 percent to 42.61 euros in second place in the also firm DAX. However, they remained within their sideways range of between 40 and 43 euros, which has been in effect since the end of January.

Investors have long viewed Swiss Post as a corona winner due to the growth in online shopping. In January this led the shares to a record of 43.84 euros, which has now been in place for a few weeks.

DJG / uxd / cbr

FRANKFURT (Dow Jones / dpa-AFX)

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