Puma SE announced on Thursday that it plans to return up to 50% of the company's net income to shareholders through a €100 million buyback programme.
The management of the sports brand has decided to modify the dividend policy, changing the payout ratio from 25% - 35% of the company's net income to a new range of 25% - 40%. The share buyback program "will complement the dividend policy by another 10% - 25% to a total payout of up to 50% of the Group's net income" to shareholders.
The buyback program is scheduled to start in March 2024 and will conclude on May 6, 2025.
