Article Tools

bwin.party to Start Share Buy-Back and Dividend Payments

Published: June 30, 2011; 10:32 · (Vindobona)

The Austro-British gambling group starts paying dividends this year. Shares for up to € 75m will be bought back by the company.

bwin.party to Start Share Buy-Back and Dividend Payments / Picture: © Bwin

bwin.party announced that it has adopted a progressive dividend policy. For the year ended 31 December 2011, the company intends to pay out € 15m as an interim dividend payable in October 2011 and € 15m as a final dividend payable in May 2012. Thereafter, bwin.party intends to target a payout ratio of no less than 30% of normalized annual free cash flow with the interim dividend…

This article includes a total of 287 words.

or Log In