Australia's Cochlear declines after pausing share buyback

Cochlear

19/02/2024 24:42

** Shares of Cochlear  COH.AX  fall as much as 3% to
A$324.650, their sharpest drop since Feb 6, if losses hold 
    ** Hearing aid maker pauses share buyback citing "the
current high interest rate environment"
    ** Maintains a dividend policy that targets a 70% payout of
underlying net profit
    ** For FY24, expects the positive momentum of the first half
to continue into the second half  
    ** Stock up 12% this year as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))