Shares of automakers jump on buyback and dividend boost
![](https://caribchroniclesskn.com/wp-content/uploads/2024/02/Shares-of-automakers-jump-on-buyback-and-dividend-boost-1024x512.jpeg)
Shares of automakers led European stocks higher Thursday, after Renault sharply raised its dividend following a boost to sales and Stellantis proposed a €3 billion share buyback.
Paris-listed Renault FR:RNO said late Wednesday that it made a net profit in 2023 of €2.315 billion ($2.48 billion), compared to a loss of €716 million in 2022.
The…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In