Michelin will repurchase shares following stagnant earnings in 2023.

French Tire Maker Announces Share Buyback and Dividend Plans

In a recent announcement, the French tire maker revealed its plans for a share buyback program and dividend payout over the next few years.

Share Buyback Program

According to the company, the share buyback program could potentially reach a value of €1 billion between 2024 and 2026. This move is aimed at increasing shareholder value and boosting the company’s financial position.

Dividend Payout

In addition to the share buyback program, the French tire maker also declared a dividend of €1.35 for the year. This is a positive sign for investors and reflects the company’s strong financial performance.

Looking Ahead

With these plans in place, the French tire maker is positioning itself for future growth and success. The share buyback program and dividend payout demonstrate the company’s commitment to creating value for its shareholders. Stay tuned for updates on the progress of these initiatives.  

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