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Stellantis aims to increase dividend payout next year
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Stellantis aims to increase dividend payout next year
Jun 13, 2024 12:22 AM

MILAN, June 13 (Reuters) - Stellantis ( STLA )

reiterated its 2024 financial forecasts and said it aimed to

improve its dividend payout next year, the world's

fourth-largest carmaker said on Thursday.

The carmaker, which was created in 2021 through the merger

of Fiat Chrysler and of France's PSA, will hold its Investor Day

later in the day in the United States.

For 2025 the carmaker will target the upper range of its

25-30% dividend payout policy versus the 25% in recent years, it

said in a statement.

Stellantis ( STLA ) confirmed its forecasts for the current year,

including an adjusted operating income margin of 10-11% in the

first half and "industrial free cash flows visibly below the

prior year period".

It also said it would pay shareholders at least 7.7 billion

euros ($8.32 billion) through dividends and buybacks in 2024.

($1 = 0.9257 euros)

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