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