Commerzbank CFO Signals $960 Million in Payouts for 2023
- Shareholders set to get ‘nice split’ of dividends and buybacks
- Bank’s earnings outlook keeps rising due to interest rates
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Commerzbank AG may end up making about €900 million ($962 million) in payouts for this year as it’s on track to produce about €1.8 billion in net income, Chief Financial Officer Bettina Orlopp said Tuesday.
“Assume a nice split between dividend and share buyback” for the payouts, Orlopp said at an investor conference, according to a transcript. She promised to provide details for planned payouts in 2025 through 2027 as part of a strategy update slated for November.