Beiersdorf to Raise Dividend, Launch Share Buyback
Provided by
Dow Jones
By Mauro Orru
Beiersdorf plans to propose a higher dividend at its upcoming annual general meeting and said it would launch a share buyback of up to 500 million euros ($539.4 million).
The maker of Nivea skin cream said Monday that it would propose a dividend of EUR1 per dividend-bearing share for 2023 at its AGM on April 18, above EUR0.70 per share in previous years.
Meanwhile, the company said its share buyback is expected to begin in May.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
February 05, 2024 11:38 ET (16:38 GMT)
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