Adidas Says To Resume Dividend Payments To Shareholders - SolidRumor.com

Adidas Says To Resume Dividend Payments To Shareholders

 Adidas Says To Resume Dividend Payments To Shareholders

Adidas store. Shutterstock.

German sporting goods maker Adidas announced plans to resume dividend payments to shareholders after suspending payouts last year as a condition for a government-backed loan to get it through the coronavirus crisis.

Adidas said on Monday it would pay a dividend of €3 per share for 2020, or a total of €585 million ($709.96 million).

The move comes after a series of financing measures, including obtaining strong investment-grade ratings, issuing bonds worth €1.5 billion and securing a new syndicated loan of €1.5 billion with partner banks, Adidas said.

By Maria Sheahan; Editor: Riham Alkousaa

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