Deutsche Telekom Plans Increased Dividend and Share Buybacks

Deutsche Telekom AG's Board of Management has revealed plans to propose an increase in the dividend for the 2024 financial year to 0.90 euros per share, compared to 0.77 euros the previous year. This is subject to approval in the upcoming shareholder meeting. Consequently, shareholders in Germany eligible for tax credits won't face taxes on these dividends.

Furthermore, the Board has announced plans for share buybacks amounting to up to 2 billion euros in 2025. This strategy is part of the company's effort to address the dilution effect from its 2021 capital increase and aims to recapture value for shareholders.

These decisions align with Deutsche Telekom’s robust business performance and outlook for the remainder of 2024. The definitive decision on dividends will occur once the full-year figures are available. The company will also present its midterm outlook for up to 2027 during the Capital Markets Day in October 2024.