News

Puma’s Enhanced Shareholder Rewards

1 Mins read

Puma has announced its intention to boost payouts to shareholders, aiming to distribute up to half of net profits through dividends and share buybacks. This decision comes as the company anticipates strong cash flows in the upcoming years.

New Dividend Policy

The German sportswear firm revealed a new dividend policy, increasing the payout ratio to a range of 25% to 40% of net profit, up from the previous range of 25% to 35%. In addition to dividends, Puma will implement a buyback program, potentially raising total payouts to half of its net profit.

Buyback Program Details

The buyback program will kick off with an initial phase worth up to 100 million euros ($108.4 million) in March of this year, concluding on May 6, 2025. This move reflects Puma’s confidence in its ability to generate robust free cash flow over the next few years, supported by a solid balance sheet and a strategy focused on sustainable growth.

These developments lay the groundwork for increased returns to shareholders, signaling Puma’s commitment to rewarding investors.

For more information, visit www.puma.com.

Related posts
News

Ukrainian drone attack kills one, injures another in Russian border region, says governor By Reuters

1 Mins read
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment…
News

Solana Holds Near $236 As Whale Staking Builds Pressure At Resistance (SOL-USD)

1 Mins read
Whales staked more than $1.5 billion in SOL, reducing circulating supply. Solana (SOL-USD) is trading around $235.87, consolidating after briefly touching $237…
News

A'Court dismisses appeal against citizens' right to public information

2 Mins read
The Court of Appeal sitting in Abuja has delivered two landmark judgments affirming citizens’ right to access public information, dismissing separate appeals…

Leave a Reply

Your email address will not be published. Required fields are marked *