BERLIN, June 29 (Reuters) - Adidas (ADSGn.DE) will launch a new share buyback programme starting July 1 worth up to 550 million euros ($653.62 million), the German sportswear company said on Tuesday.
The move is part of plans announced by Adidas earlier this year to return up to 9 billion euros to its shareholders in the next five years, through dividend payouts of between 30% and 50% of net income from continuing operations, along with share buybacks.
Adidas last month raised its 2021 sales forecast as it expects a resumption of big sporting events to drive demand.
Shares in Adidas were up 2.5% after the news.
($1 = 0.8415 euros)
Reporting by Emma Thomasson Editing by Madeline Chambers
Our Standards: The Thomson Reuters Trust Principles.
"share" - Google News
June 29, 2021 at 08:07PM
https://ift.tt/3AdjNSL
Adidas launches new share buyback as demand booms - Reuters
"share" - Google News
https://ift.tt/2VXQsKd
https://ift.tt/3d2Wjnc
Bagikan Berita Ini
0 Response to "Adidas launches new share buyback as demand booms - Reuters"
Post a Comment