Tag: dividend payouts

Santander bank
March 22, 2024 BY Simon Mugo

Spain’s Santander Bank Plans To Pay Over €6 Billion to Investors

The announcement suggests that Santander, the second-largest bank in the eurozone by market capitalisation, anticipates its net profit for 2024 to surpass €12 billion. The bank adheres to a 50% payout policy, evenly dividing the distribution of earnings between cash dividends and share buybacks. During the annual shareholder meeting, Santander's Executive Chair, Ana Botin, conveyed…

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Santander bank
February 19, 2024 BY Simon Mugo

Santander Unveils $1.57Bn Share Buyback, Ups Dividend Payout

The bank's shares saw a notable increase of 2.17% to 3.7530 euros in early trading at 0857 GMT, despite a year-to-date decline of 4.68% as of February 16. Santander outlined that the maximum share purchase price would be capped at 4.76 euros, and based on an assumed average price of 3.95 euros, it could acquire…

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Banca_Monte_dei_Paschi_di_Siena_in_Pisa
February 07, 2024 BY Simon Mugo

Monte Paschi Bank Announced Its First Dividend Payout in 13 Years

Alongside major Italian banks such as Intesa Sanpaolo (ISP.MI) and UniCredit (CRDI.MI), MPS has benefited significantly from the rise in interest rates. Additionally, the bank has gained from positive outcomes in several legal disputes with former executives, alongside ongoing restructuring efforts led by CEO Luigi Lovaglio. Thanks to the favourable court decisions, the bank could…

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Deutsche Bank
February 01, 2024 BY Simon Mugo

Deutsche Bank Plans To Fire 3,500 Employees Despite Upbeat Results

Previously, Deutsche Bank had disclosed intentions to reduce its workforce but had not specified the scale of these layoffs, which now represent nearly 4% of its approximately 90,000 employees globally, impacting mainly back-office functions. The bank plans to allocate €1.6 billion ($1.7 billion) for share buybacks and dividends in the first half of the year,…

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