Outlook & Financial strategy
Here you find all information about our financial strategy and the outlook for the next years.
Deutsche Telekom offers its shareholders a strong dividend yield with high reliability. The Deutsche Telekom share has therefore been a component of the DivDAX, the index of the 15 DAX shares with the highest dividend yields, since 2005.
90 eurocent dividend per share for the 2024 financial year
Deutsche Telekom has distributed a dividend per share of EUR 0.90 for the 2024 financial year. This corresponds to 47 percent of the adjusted earnings per share of EUR 1.90.
The dividend announcement is available to download here (pdf, 139.9 KB).
At Deutsche Telekom's Capital Markets Day in October 2024, the Board of Management announced that it would propose a dividend of EUR 0.90 per share for the 2024 financial year to the Shareholders’ Meeting. The Shareholders’ Meeting on April 9, 2025 approved this proposal with 99.97 percent of the capital stock represented at the vote.
The voting results are available to download here (pdf, 14.4 KB).
2024/2025 share buy-back program
The shares bought back in the 2024 financial year will be withdrawn from circulation in 2025 (capital reduction). This is intended to offset part of the dilutive effect of Deutsche Telekom's capital increase in 2021, which was carried out to acquire T-Mobile US shares from SoftBank. A further share buy-back of up to 2 billion euros started in January 2025.
Dividend policy
Deutsche Telekom is committed to pay out 40 to 60 percent of adjusted sustainable earnings per share (EPS) as dividend per share each year.
Analyst consensus for future dividends
In line with our dividend policy, analysts expect a dividend per share between 40 to 60 percent of earnings per share (EPS).
Further details on the consensus are available here.
Tax free payment of dividends
The Deutsche Telekom dividend for the financial year 2024 was paid out tax-free. We also expect our dividend payments to remain tax-free for the coming years.
Background: As the Deutsche Telekom dividend is to be paid in full from the tax contribution account in accordance with § 27 of the Corporation Tax Act (Körperschaftsteuergesetz – KStG), payment will be made without deducting capital gains tax or the solidarity surcharge. Dividends paid to shareholders in Germany are not subject to taxation. Dividends do not entail tax refunds or tax credits. However, in the German tax authorities’ view, the dividend payment reduces the acquisition costs of the shares for tax purposes.
Hannes Wittig
Head of Investor Relations Deutsche Telekom (Senior Vice President)
Address
Friedrich-Ebert-Allee 140, 53113 Bonn
