Get the app today! Download iPhone App Download Android App

Danone Confirms 2019 Dividend, No Share Buyback Plan

Published on May 20 2020 8:38 AM in A-Brands tagged: France / Dairy / Danone / Dividend

Danone Confirms 2019 Dividend, No Share Buyback Plan

French food group Danone confirmed on Wednesday that it plans to pay out a 2019 dividend of €2.10 per share.

The company also confirmed that no share buyback operations would take place this year.

Danone also said that it plans to make €300 million in financial support available for its trading partners, including farmers and suppliers.

The plans are to be proposed at the group's AGM, which takes place at the end of June.

Chief executive Emmanuel Faber has agreed to take a 30% cut to his fixed pay for the year commencing 1 July, while the company's board are planning to forgo payment entirely for the remainder of the year, with said funds going towards maintaining employee health.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email