Annual General Meeting 2024 of our website - stockholders deciding on a 50% boost in dividend payout
**Deutsche Bank Announces Dividend and Changes to Management Compensation**
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has announced a dividend of €0.45 per share for the financial year 2023, marking a 50% increase from the 2022 dividend of €0.30 per share [1]. This dividend, to be paid to shareholders in the year following the reported fiscal year, is in line with the bank's standard practice [1].
In addition to the dividend announcement, Deutsche Bank has proposed changes to its Management Board compensation system. The details of these changes are not explicitly provided in the search results, but it is noted that the bank's focus has been on financial results, shareholder distributions, and strategic targets, rather than executive compensation structures [1][2].
For the most accurate and up-to-date information on changes to the Management Board compensation system, it is recommended to consult Deutsche Bank’s latest annual report, compensation report, or official disclosures, which are not included in the provided search results. These documents typically detail board remuneration policies, any proposed changes, and the rationale behind them.
The bank's virtual Annual General Meeting (AGM) 2024, scheduled for May 16, 2024, will provide extensive opportunities for shareholder questions and contributions [3]. Shareholders can submit statements on the agenda items in text form by no later than midnight (CEST) on Friday, May 10, 2024. Shareholders who register by the same deadline can participate online via the access-protected shareholder portal [4].
Deutsche Bank has also raised its capital outlook by €3 billion in October 2023, and aims to distribute around €8 billion of capital to shareholders in respect of the financial years 2021 to 2025 [5]. The Management Board has published an additional goal for a dividend of €1.00 per share for the year 2025 [6]. The bank plans to distribute 50% of the net profit attributable to shareholders from 2025 onwards [7].
The new remuneration system for the Management Board, which has been in use since January 1, 2024, is outlined on the company's website [8]. The system significantly reduces the number of targets in the Management Board compensation system and the long-term component of variable compensation is based on a forward-looking assessment period [9].
Registered shareholders can submit questions in advance via the shareholder portal by midnight (CEST) on May 12, 2024 [10]. The virtual AGM 2024 will be held on May 16, 2024, and will be publicly broadcast on the bank's website [11]. Shareholders can exercise their voting rights, speak live during the meeting, and raise questions as provided by law during the virtual AGM 2024 [12].
The bank's website (XETRA: DBKGn.DE / NYSE: DB) will hold its Annual General Meeting in a virtual format in 2024 [13]. The agenda for the AGM 2024, comprising 9 items in total, was published on March 26, 2024, in the German Federal Gazette and on the bank's website [14].
[1] https://www.deutsche-bank.com/en/investor_relations/financial_reports/annual_reports/2023/annual_report_2023.html [2] https://www.deutsche-bank.com/en/investor_relations/financial_reports/interim_reports/q4_2023/q4_2023_results.html [3] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html [4] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html [5] https://www.deutsche-bank.com/en/investor_relations/financial_reports/presentations_and_webcasts/2023/capital_day_presentation_2023.html [6] https://www.deutsche-bank.com/en/investor_relations/financial_reports/presentations_and_webcasts/2023/capital_day_presentation_2023.html [7] https://www.deutsche-bank.com/en/investor_relations/financial_reports/presentations_and_webcasts/2023/capital_day_presentation_2023.html [8] https://www.deutsche-bank.com/en/investor_relations/remuneration/management_board_remuneration.html [9] https://www.deutsche-bank.com/en/investor_relations/remuneration/management_board_remuneration.html [10] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html [11] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html [12] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html [13] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html [14] https://www.deutsche-bank.com/en/investor_relations/annual_general_meeting_2024.html
Developing a robust personal-finance strategy might involve considering Deutsche Bank's latest dividend announcement, which aims to distribute €8 billion to shareholders from 2021 to 2025, with a planned increase to €1.00 per share for the year 2025 [5][6]. Meanwhile, investors interested in understanding the changes to Deutsche Bank's Management Board compensation system may find valuable insights in the bank's latest annual report or official disclosures [1].
