Brief: Wendel Announces Increase In Dividend Target To 2.5% of NAV From 2024

Wendel SE

11/12/2023 17:39

Dec 11 (Reuters) - Wendel SE  MWDP.PA :
    * WENDEL: WENDEL INVESTOR DAY
    * ASSET MANAGEMENT: AMBITION TO REACH 150 MILLION EUROS IN
FRE2 BY
2027 IN THIRD-PARTY PRIVATE ASSET MANAGEMENT
    * PERMANENT CAPITAL :OBJECTIVE OF GENERATING A DOUBLE-DIGIT
IRR ON
EXISTING PORTFOLIO
    * OBJECTIVE TO MAINTAIN AT LEAST A CONSTANT DIVIDEND FROM
ONE YEAR
TO ANOTHER REMAINS UNCHANGED.
    * FURTHER INCREASE IN RETURN TO SHAREHOLDER TARGETS:
REDISTRIBUTION TO SHAREHOLDERS, IN FORM OF RECURRING AND
PREDICTABLE DIVIDENDS
    * INCREASE IN DIVIDEND TARGET TO 2.5% OF NAV4 FROM 2024,
WITH AIM
OF REACHING 3.5% OF NAV IN MEDIUM TERM
    * INCREASE IN DIVIDEND TARGET TO 2.5% OF NAV4 FROM 2024,
WITH AIM
OF REACHING 3.5% OF NAV IN MEDIUM TERM, WITH DEVELOPMENT OF
ASSET MANAGEMENT

Source text for Eikon:  ID:nGNE6x4yqX 
Further company coverage:  MWDP.PA 

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