(Boursier.com) — Eurazeo published its 2023 accounts this week. The group’s share of net income stands at €1.8 billion, including €1.9 billion of non-recurring items linked to the change in IFRS qualification and -70 million linked to the sale of securities. In this context, the Eurazeo Management Board has decided to propose to shareholders, during the 2024 General Meeting, a coupon increase of 10% compared to the 2022 ordinary dividend.
If the principle of this distribution is approved, Eurazeo plans the payment of an ordinary dividend of 2.42 euros per share.
Share repurchases
During 2023, Eurazeo acquired 2,137,908 shares for 129.2 ME (at 60.4 euros per share), or 2.7% of the shares in circulation.
Quoting…
For 2024, the Management Board launched a new share buyback program of 200 ME, the execution of which began in January 2024.
“These increases in the dividend and the share buyback program are part of the group’s desire to advance the return to shareholders, as announced during the Capital Markets Day on November 30, 2023,” explains Eurazeo management.
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