L'Oreal to recommend increasing dividend 15%, new EUR500M buyback plan The company said, "The Group is thus well prepared to outperform the market in 2013, and to achieve another year of sales and profit growth. The Board of Directors has decided to propose to the Annual General Meeting of April 26, 2013 the payment of a dividend of 2.30 euros per share, an increase of 15% compared with the previous year, and the setting up of a new share buyback plan amounting to 500 millions in the 1st half of 2013."
News For LRLCY From The Last 14 Days
Check below for free stories on LRLCY the last two weeks.
L'Oreal downgraded to Outperform from Strong Buy at Raymond James Raymond James downgraded L'Oreal to Outperform and removed the stock from its European Conviction List citing the CEO's cautious message on cosmetics market momentum in the second half of 2014.