Brief: CTT To Propose Dividend Of 0.12 Eur/Shr, Starts Share Buy-back Program

CTT - Correios de Portugal SA

17/03/2022 07:07

March 17 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * SAID ON WEDNESDAY BOARD OF DIRECTORS TO PROPOSE THE
PAYMENT OF A
DIVIDEND OF 0.12 EUROS PER SHARE, PAYABLE IN MAY 2022
    * AMOUNT REPRESENTS A DIVIDEND YIELD OF APPROXIMATELY 2.6%
AND A
PAYOUT RATIO OF APPROXIMATELY 47.3%
    * BOARD OF DIRECTORS APPROVED THE IMPLEMENTATION OF A SHARE
BUYBACK PROGRAM AMOUNTING TO 18 MILLION EUROS
    * BUY-BACK PROGRAM WILL LAST UNTIL 18 DECEMBER 2022,
STARTING ON
17 MARCH 2022
    * REPURCHASING A MAXIMUM OF UP TO 4.65 MILLION SHARES UNDER
BUY-BACK PROGRAM, REPRESENTING A MAXIMUM OF 2.3 MILLION EUROS
AND 3.1% OF THE SHARE CAPITAL
    * UNDER BUY-BACK PROGRAM, TO REDUCE SAME AMOUNT OF SHARE
CAPITAL
THROUGH THE CANCELLATION OF THE ACQUIRED SHARES

    Source text: https://bit.ly/3wgfbfg, https://bit.ly/3q96QWH
and https://bit.ly/3CQWCiQ
    Further company coverage:  CTT.LS  

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