Wienerberger to increase payout to shareholders
Reuters
Published Sep 16, 2019 10:52
Wienerberger to increase payout to shareholders
VIENNA (Reuters) - Wienerberger (VI:WBSV), the world's largest brickmaker, plans to pay out more money to shareholders, aiming to distribute 20 to 40% of its free cash flow in the form of dividends and share buybacks in the future, it said on Monday.
Wienerberger is hiking its capital distribution policy from the 10 to 30% of free cash flow it had previously paid out to shareholders after deduction of the costs of hybrid capital, the Austrian company said.
The group had posted a 33% increase in core profit and 8% revenue growth for the six months through June. It confirmed its 2019 targets on Monday.
"We want our shareholders to benefit more strongly from this successful performance," Chief Executive Heimo Scheuch said in a statement.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.