Home Stock Market Puma initiates 100 million euro share buyback plan to boost shareholder value.

Puma initiates 100 million euro share buyback plan to boost shareholder value.

0
Puma initiates 100 million euro share buyback plan to boost shareholder value.

Puma Launches Share Buyback Programme and Increases Dividend Payout

Puma’s Generous Return to Shareholders

German sports apparel company Puma revealed its plan to give back a significant portion of its net income to shareholders on Thursday. The company announced its decision to increase its dividend payout, now returning between 25-40% of the Group’s net income, up from the previous range of 25-35%.

Share Buyback Programme Unveiled

The company also disclosed the initiation of a share buyback program starting in March 2024 and concluding on May 6, 2025. Puma aims to repurchase and cancel shares worth 100 million euros ($108.43 million) through this endeavor.

This move is part of Puma’s strategy to enhance shareholder value and demonstrate its commitment to delivering returns to investors.

Enhancing Shareholder Value

By implementing these measures, Puma seeks to strengthen its relationship with shareholders and create additional value for them. This proactive approach aligns with the company’s vision of sustainable growth and long-term success.

Investors can look forward to benefiting from these initiatives, as Puma continues to prioritize maximizing shareholder value while driving its business forward.

($1 = 0.9223 euros)