BERLIN (Reuters) – 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)
(Reporting by Maria Sheahan; Editing by Riham Alkousaa)