Deutsche Bank: redistribution to be increased by 50% in 2024

(CercleFinance.com) - On publishing its 2023 results, Deutsche Bank announced its intention to increase both its share buybacks and dividends by at least 50% in 2024, with planned envelopes of E675m and E900m respectively.


The German bank also plans to propose a dividend of one euro per share for FY 2025 (compared with 45 cents for FY 2023), subject to the achievement of financial targets and a payout ratio of 50%.

In 2023, DB's net income fell 14% to E4.9bn for tax reasons, while its taxable profit rose by 2% to E5.7bn, supported by revenue growth of 6% to E28.9bn (+8% excluding exceptional items).


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