The Hamburg DAX Corporation Beiersdorf has announced ambitious plans for the year 2021. In a press release from March 15, the company announced that it would significantly increase the dividend and provide up to 500 million euros for the repurchase of its own shares.

This announcement comes at a time of change for the Nivea manufacturer, which is increasingly focusing on its core brand and expanding into new business areas.

At the upcoming Annual General Meeting on April 18, shareholders will be proposed a dividend payout of 1.00 euro per dividend-entitled share. This amount significantly exceeds the previous dividend of 0.70 euro per share in past fiscal years.

For shareholders who rely on stable dividends, this is good news. But the decision is also significant for the corporation itself. The Executive Board of Beiersdorf has also decided to repurchase shares of the company worth up to 500 million euros.

This stock buyback program is expected to begin in May and to be completed by the end of the year 2024. By repurchasing its own shares, the company can optimize the equity-to-debt ratio, thereby enhancing financial flexibility and stability.

Additionally, the measure can positively affect the stock price.

Beiersdorf will announce further details about the share buyback program before the start of the program. However, the Executive Board is already confident that the measures will have a positive impact on the development of the Group.

"We are convinced that the increase in dividend and the share buyback will benefit our company in the long term," commented Stefan De Loecker, CEO of Beiersdorf. The new plans for the dividend and share buyback reflect the positive business development of the Nivea producer.

Beiersdorf Achieved Solid Results Last Year Despite Difficult Economic Conditions Due to the COVID-19 Pandemic. With a Revenue of Over 7 Billion Euros and Strong Growth in the Skincare and Adhesive Technologies Sectors, the Company is Confidently Moving into the Future.

The announcement to increase the dividend and buy back shares is also a clear signal to the investors of the group. Beiersdorf is committed to long-term growth and wants to emphasize its dedication to its shareholders.

With these measures, the company once again demonstrates that it is ready to make bold decisions in challenging times and strengthen its position as one of the leading players in the global skincare market.