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MURGY Muenchener Rueckversicherungs Gesellschaft AG (PK)

49.53
-0.70 (-1.39%)
18 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Muenchener Rueckversicherungs Gesellschaft AG (PK) USOTC:MURGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.70 -1.39% 49.53 49.30 50.13 50.205 49.53 50.185 30,570 21:01:20

Munich Re to Launch Buyback of Up to $1.06 Billion

22/02/2023 1:36pm

Dow Jones News


Muenchener Rueckversiche... (PK) (USOTC:MURGY)
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By Adria Calatayud

 

Munich Re AG said Wednesday that it plans to buy back shares worth up to 1 billion euros ($1.06 billion), which added to its dividend proposal amounts to a capital return of EUR2.6 billion.

The German reinsurer said the buyback will run from May 6 to next year's annual general meeting, scheduled for April 25, 2024, at the latest.

Munich Re's management board proposed a dividend for last year of EUR11.60 a share, up from EUR11.00 a share a year earlier.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

February 22, 2023 08:21 ET (13:21 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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