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Deutsche Bank Plans to Boost Dividend After Three-Year Drought

  • Germany’s largest lender had scrapped payouts in restructuring
  • CEO Sewing is set to present a strategic update in March
The Deutsche Bank headquarters in Frankfurt, Germany.

The Deutsche Bank headquarters in Frankfurt, Germany.

Photographer: Alex Kraus/Bloomberg
Updated on

Deutsche Bank AG plans to further increase its dividend after resuming payouts following a huge restructuring that saw it exit equities trading and cut thousands of jobs.

The decision announced late Wednesday to pay out 700 million euros ($790 million) through buybacks and dividends is an “important first step” in the bank’s commitment to pay out 5 billion euros over coming years, Chief Financial Officer James von Moltke said in a Bloomberg Television interview on Thursday. The lender, which announced fourth quarter earnings that beat estimates, is seeking “to grow the dividend from here,” he said.