Truecaller’s Board of Directors Announces Dividend and Share Buyback
Stockholm, April 11, 2025 – Truecaller AB, a leading communication technology company, announced today that its Board of Directors has resolved to propose several significant actions at the upcoming Annual General Meeting (AGM).
Proposed Dividend
The Board has decided to propose a dividend of SEK 1.70 per share for the financial year 2024. This dividend represents 25% of the company’s net profit for the year.
Share Buyback
Additionally, the Board proposes the cancellation of more than 3.9 million repurchased shares. These shares were bought back under the current buyback program, which was initiated in 2022.
Authorized Share Repurchases
Furthermore, the Board is seeking authorization from shareholders to repurchase up to 10% of the outstanding shares following the AGM. This authorization would enable the company to continue its share buyback program, which is aimed at reducing the number of shares in circulation and increasing the value of each share for existing shareholders.
Impact on Shareholders
These actions demonstrate the Board’s commitment to delivering value to shareholders. The proposed dividend represents a significant payout, while the share buyback program aims to increase the value of existing shares. Profit-focused investors may view these moves as positive, as they indicate the company’s financial stability and its intention to distribute profits.
Impact on the World
Beyond its impact on shareholders, Truecaller’s actions may have broader implications. The company’s stable profitability and commitment to returning value to shareholders could reinforce investor confidence in the communication technology sector. Moreover, the proposed share buyback could help to reduce the overall supply of shares, potentially leading to increased demand and higher share prices.
Conclusion
Truecaller’s Board of Directors’ announcement of a proposed dividend, share buyback, and authorization for further repurchases reflects the company’s commitment to generating value for its shareholders. These actions, which are in line with the company’s newly introduced dividend policy, are likely to be viewed positively by profit-focused investors. Furthermore, the potential impact of these actions on the communication technology sector and the overall stock market merits further attention.
- Truecaller’s Board proposes a dividend of SEK 1.70 per share for 2024
- More than 3.9 million repurchased shares are to be cancelled
- The Board seeks authorization to repurchase up to 10% of outstanding shares
- These actions demonstrate the company’s financial stability and commitment to returning value to shareholders
- Impact on the communication technology sector and overall stock market to be monitored
