Vopak : Strong lift in shareholder returns: 8% SBB + 5% dividend = 13% yield
>2024 outlook will probably be perceived as a mixed bag - Returning more cash to shareholders. Vopak surprises this morning with two shareholder return actions: (1) a € 300m share buy-back is announced which will start on 15 February 2024 and will run until the end of 2024 = 8% on current market cap; (2) dividend is lifted by 15% to € 1.50 per share (consensus was lift to € 1.35 from € 1.30) = > 5% on current market cap.Q4 consolidated results. Note quite some d...Royal Vopak is a holding company. Via its subsidiaries, Co. acts as a tank storage provider for the oil and chemical industry. Co. operates a network of terminals located at locations along trade routes. Co. also provides a range of additional services, from loading and unloading a range of transport modalities to heating, cooling, blending and customs formalities. The customers Co. serves range from global to local clients and include national and global producers, governments, distributors and traders of liquid and gaseous bulk products. Co.'s customers are active in the production, trading and marketing of oil products, chemicals, gases, biofuels, edible oils and liquefied natural gas.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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