Puma plans a 25-40% dividend increase and €100m share buyback in 2024 due to strong cash flows.
Puma plans to boost payouts to shareholders, increasing its dividend return between 25% and 40% of net profit and launching a €100m share buyback program in March 2024. The German sportswear company cited expected strong cash flows in the coming years as the reason for the decision. Puma aims to generate robust cumulative free cash flow, providing a foundation for increased payout to shareholders.
February 29, 2024
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