The bank plans to recommend 2023 dividends of EUR 900 million, or EUR 0.45 per share, up from EUR 0.30 per share for 2022, at its Annual General Meeting in May 2024. Having raised its capital outlook by EUR 3 billion in October 2023, the bank is well positioned to exceed its capital distribution goal of EUR 8 billion in respect of the financial years 2021-25, paid in 2022-26. The bank also published updated guidance for a proposed dividend of EUR 1.00 per share for the financial year 2025, subject to delivery of financial targets and to a 50% payout ratio.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DB:
- Deutsche Bank downgraded to Neutral from Buy at Citi
- DB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Deutsche Bank price target lowered to EUR 14.20 from EUR 15 at JPMorgan
- Deutsche Bank likely won’t lead European bank consolidation, FT reports
- Best Stocks for 2024, And How To Find Them
