Completes €675 million stock repurchase initiative on our site
Deutsche Bank, one of the world's leading financial institutions, has announced the successful completion of its €675 million share buyback program on July 11, 2024. This program, which commenced on March 4, 2024, marks a significant reduction in the bank's share capital.
The share buyback program was a strategic move to optimise Deutsche Bank's capital structure, as part of its broader strategy for the period 2021-2025. The bank aims to distribute in excess of €8 billion to its shareholders through dividends and share repurchases during these years.
Over the course of the four-month buyback program, a total of 46.4 million shares were repurchased, representing 2.33% of the bank's share capital. The volume weighted average price of the shares repurchased was €14.53 per share.
Prior to the share buyback program, Deutsche Bank had distributed a total of €1.6 billion to its shareholders in 2024. This included dividends of €0.45 per share or €0.9 billion distributed in May 2024, bringing the cumulative distributions from 2022 to 2024 to €3.3 billion.
For those interested in finding more details about Deutsche Bank's distribution policies for the financial years 2021-2025, we suggest checking the bank's official investor relations webpage, reviewing their annual reports for the specified years, or searching for news articles or press releases from Deutsche Bank regarding their dividend and share repurchase strategies during these years.
Deutsche Bank's shares are traded on both XETRA and NYSE under the ticker symbols DBKGn.DE and DB, respectively.
The share buyback program was a strategic move within Deutsche Bank's broader business strategy for the period 2021-2025, aiming to distribute over €8 billion to its shareholders through dividends and share repurchases. During the four-month program, the bank purchased 46.4 million shares, reducing its share capital by 2.33%.
