Euronext plans €1 billion cash handout for shareholders

The multi-national European exchange Euronext will return €1 billion to its shareholders in payouts and a share buyback scheme, it announced today.

The exchange will pay a dividend of €1 per share in May and an additional dividend of €3 a share in July. It also plans a €500 million share buyback scheme, which will run into 2007.

Euronext is following a lead set by its European rivals. Deutsche Börse conducted a share buyback last year, and the London Stock Exchange has promised a 200p per share cash return to its shareholders later this year.

Alongside the announcement of the dividend and buyback scheme, Euronext also reported revenues of €962 million, of which €332 million came from derivatives trading. The strongest growth was in interest rate products (11%), and in short sterling futures (33%) and options (56%).

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here