Deutsche Bank’s Aggressive Share Buyback and Dividend Strategy Pays Off

Deutsche Bank’s Aggressive Share Buyback and Dividend Strategy Pays Off

(IN BRIEF) Deutsche Bank has successfully completed a €450 million share buyback program announced in July 2023, repurchasing 45.5 million shares, equivalent to 2.23% of its share capital, at an average price of €9.88 per share between August and December 2023. Combined with €0.6 billion in dividends distributed in May 2023, the bank has paid out over €1 billion to shareholders in 2023. This aligns with the bank’s goal of distributing around €8 billion to shareholders for the financial years 2021-2025. Deutsche Bank also raised its capital outlook, aiming to free up approximately €3 billion in additional capital by the end of 2025, allowing for increased distributions and business investments.

(PRESS RELEASE) FRANKFURT, 11-Dec-2023 — /EuropaWire/ —  Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), Germany’s leading multinational investment bank and financial services company, has successfully concluded its €450 million share buyback program, which was announced in July 2023. The buyback, conducted between August 2 and December 8, 2023, involved the repurchase of 45.5 million shares, equivalent to 2.23% of the bank’s share capital, at an average price of €9.88 per share. This buyback, combined with the €0.6 billion in dividends distributed in May 2023, has resulted in total distributions to shareholders exceeding €1 billion in 2023.

These distributions mark progress toward Deutsche Bank’s goal of distributing approximately €8 billion to shareholders for the financial years 2021-2025. Additionally, the bank has raised its capital outlook, anticipating the release of approximately €3 billion in additional capital by the end of 2025. This newfound capital flexibility provides opportunities for accelerated distributions to shareholders and increased investments in the bank’s business, as highlighted in its third-quarter results announcement on October 25, 2023.

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SOURCE: Deutsche Bank AG