FRANKFURT (dpa-AFX) - The online broker Flatexdegiro intends to pay its shareholders a dividend for the first time. The Management Board and Supervisory Board intend to propose the payment of a regular annual dividend to the 2024 Annual General Meeting, as the SDax-listed company announced in Frankfurt on Tuesday. The distribution will initially amount to 4 cents per share. This corresponds to the statutory minimum dividend of 4 percent of the share par value of 1 euro. The Flatexdegiro share price is above 10 euros. Following the news at midday, the share price more or less made up for its morning losses.

In addition to the resolution on the dividend, the shareholders are to authorize the company to buy back its own shares at the Annual General Meeting. The authorization is to amount to 10 percent of the share capital. The fact that the Management Board and Supervisory Board have decided on a strategy for the appropriation of capital is reportedly due to the company's capital resources. Including the profits from the current year, the management reportedly expects a hard core capital ratio of more than 30 percent. The company also expects more capital than prescribed for the coming years./stw/stk