The presidential statement comes as share buybacks are on the rise in France.
Alongside the dividend, more and more companies are opting for this method of remunerating shareholders.
By buying back their own shares and then canceling them, companies reduce the number of shares in circulation, which has the effect of increasing their earnings per share and, in turn, the market price of the remaining shares.
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The practice is also much more flexible and maneuverable than the dividend.
It is indeed easier to vary the amounts paid to shareholders from one year to another.
It thus makes it possible to reward shareholders at the end of a particularly buoyant financial year or, for example, the sale of a subsidiary, as BNP Paribas decided to do this year.
Unlike American companies, European companies still favor the dividend.
But share buybacks are gaining momentum.
After a year particularly…
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