Adidas says to resume dividend payments to shareholders

German sporting goods maker Adidas. Representative image/Credit: Reuters Photo

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 euros per share for 2020, or a total of 585 million euros ($709.96 million).

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

($1 = 0.8240 euros)

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