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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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State of Fashion 2023
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State of Fashion 2023