Commerzbank Triumphs with Successful €600 Million Share Buyback

• Commerzbank completed a share buyback of €600 million, repurchasing 55,554,320 own shares (4.48% of share capital)
• The buyback program started on January 10 and the shares were bought back at an average price of around €10.80 per share
• CFO Bettina Orlopp stated the success reinforces the intention to continue share buybacks and dividend payments for capital return
• The completed buyback program complements a planned dividend payment of around 35 cents per share for the 2023 financial year
• Commerzbank targets a payout ratio of at least 70% for the 2024 financial year
• The bank previously completed a share buyback program in June 2023, repurchasing 12,134,305 shares at an average price of around €10.05 per share, amounting to €122 million

The next important date, Business Report 2023, at Commerzbank is on 19.03.2024.

The price of Commerzbank at the time of the news was 10,870EUR and was up +1,80 % compared with the previous day.
1 minutes after the article was published, the price was 10,855EUR this corresponds to a minus of -0,14 % since publication.
At this time, the index DAX was at 17.701,00PKT (+0,06 %).

Commerzbank

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+44,97 %

+61,44 %

+137,93 %

+141,88 %

+35,49 %

-82,93 %

ISIN:DE000CBK1001WKN:CBK100

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