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The alliance (WKN: 840400) did it again. On July 3, 1818, the company announced that it would continue to buy back shares. Allianz shares will be acquired and withdrawn from the market at the end of September.
As the share repurchase program enters a new phase with this movement, let us take this opportunity to cancel in a holistic way the repatriation of the capital of Allianz
Previous repurchases
Allianz buys back its own shares since the beginning of 2017 year. Last year, the total volume of funds allocated for this purpose was about three billion euros. With the 1 billion euros program announced today and 2 billion euros of purchases already made this year, Allianz will again provide at least 3 billion euros for this type of capital repatriation in 2018.
The Stocks -number in comparison
Stock repurchases at the end of last year stood out in the number of shares in circulation. While this value was constant at 457 million between 2014 and 2016, only 440 249 646 shares were still traded on the stock market at 31.12.2017. That means that just with the 3 billion of 2017, nearly 17 million shares have already been destroyed. This corresponds to a share of more than 3.5% of the shares originally issued. Redemptions starting this year are likely to reduce the number of shares quantitatively similar.
An attractive dividend joins
In addition to redemptions, there is also an advantageous dividend on the entire capital repatriation package of Allianz. More recently, the insurer paid 8.00 euros per share to its shareholders, which equates to a dividend yield of 4.44% at a price of about 180 euros (03.07.2018). By the way, more information on the Allianz dividend can be found in the related article.
The alliance, at least for the moment, offers all investors repatriation capital in the form of share buybacks and dividends. As far as it goes, there is hardly any reason to complain
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Vincent owns Allianz shares. The Motley Fool does not own any of the mentioned actions.
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