Outlook & Financial strategy
Here you find all information about our financial strategy and the outlook for the next years.
Deutsche Telekom offers its shareholders a strong dividend yield with high reliability. Deutsche Telekom shares have therefore been a component of the DivDAX, the index of the 15 DAX shares with the highest dividend yields, since 2005.
Outlook on future dividends
Dividend for fiscal year 2024
The Board of Management and Supervisory Board of Deutsche Telekom will make a dividend proposal for the 2024 financial year that is in line with our current dividend policy. This proposal will be subject to the approval of the shareholders' meeting and the fulfillment of further legal conditions. The payment of the dividend will be made after the Annual General Meeting in April 2025 and is tax-free for shareholders in Germany.
In addition, the Board of Management has decided to buy back shares for a total of up to EUR 2 billion in 2024. This is intended to offset part of the dilutive effect of Deutsche Telekom's capital increase in 2021, which was carried out to acquire T-Mobile US shares from Softbank.
Dividend policy
Deutsche Telekom is committed to pay out 40 to 60 percent of adjusted sustainable earnings per share (EPS) as dividend per share each year.
Analyst consensus for future dividends
In line with our dividend policy, analysts expect a dividend per share between 40 to 60 percent of earnings per share (EPS).
Further details on the consensus are available here.
Tax free payment of dividends
Out of today’s perspective the dividend payment from the tax contribution account in accordance with § 27 will continue over the next years.
Background: As the dividend is to be paid in full from the tax contribution account in accordance with § 27 of the Corporation Tax Act (Körperschaftsteuergesetz– KStG), payment will be made without deducting capital gains tax or the solidarity surcharge. Dividends paid to shareholders in Germany are not subject to taxation. Dividends do not entail tax refunds or tax credits. In the German tax authorities’ view the dividend payment reduces the acquisition costs of the shares for tax purposes.
77ct dividend per share for the fiscal year 2023
Deutsche Telekom has distributed a dividend of 77ct per share for the 2023 financial year. This corresponds to 48 percent of the adjusted earnings per share of EUR 1.60.
Hannes Wittig
Head of Investor Relations Deutsche Telekom (Senior Vice President)
Address
Friedrich-Ebert-Allee 140, 53113 Bonn
Christoph Greitemann
Senior IR Manager
christoph.greitemann@telekom.de
Address
Friedrich-Ebert-Allee 140, 53113 Bonn
T-Mobile US, Inc.
investor.relations@t-mobile.com
Address
Five Newport, 12920 SE 38th St, Bellevue, WA,
