Significantly Increased Dividend for Shareholders
The executive board and supervisory board of Deutsche EuroShop AG have decided to significantly increase the originally planned dividend proposal from €1.00 to €2.65 per share. This increase of €1.65 will be submitted to the shareholders for a vote at the annual general meeting on June 27, 2025. Subject to approval, the increased dividend will then be paid out on July 2, 2025.
Reasons for the Increase
The management justifies this move with additional funds generated from ongoing business operations and through the issuance of a bond. This positive financial development allows Deutsche EuroShop to provide its shareholders with a significantly higher payout than originally intended.
Impact on Stock Price
The announcement of the dividend increase has led to a significant rise in the stock price. The price reached a high not seen since October and overcame an important resistance area at around €20.50 on the XETRA exchange.