Viscofan launches €150 million buyback to support flexible dividend and limit dilution

Viscofan ( (ES:VIS) ) has provided an announcement.

Viscofan’s board has approved a new share buyback programme of up to €150 million, covering a maximum of 2.7 million shares, or about 5.8% of its current share capital, to run from 2 March 2026 to 1 March 2027. The purchases, to be executed mainly on the Spanish Continuous Market and other trading venues at market prices under EU market abuse rules, will be managed independently by Kutxabank Investment.

The company intends to use the repurchased shares to support its “Viscofan Dividendo Flexible” optional scrip dividend scheme for 2026 by cancelling treasury shares and thereby preventing dilution for shareholders opting for cash. Any surplus shares above those required to offset dilution will be kept as treasury stock and cancelled in subsequent dividend windows or, if no new flexible dividend is authorised, cancelled in line with applicable regulations, underscoring an ongoing capital-return policy that can enhance earnings per share and support investor confidence.

The most recent analyst rating on (ES:VIS) stock is a Buy with a EUR69.00 price target. To see the full list of analyst forecasts on Viscofan stock, see the ES:VIS Stock Forecast page.

More about Viscofan

Viscofan is a Spain-based multinational that operates in the food industry, specialising in the manufacture of artificial casings for meat products. With a global presence across America, Asia, Europe and Oceania, the company focuses on supplying the processed meat sector with high value-added packaging solutions and related services.

Average Trading Volume: 70,999

Technical Sentiment Signal: Strong Buy

Current Market Cap: €2.73B

See more insights into VIS stock on TipRanks’ Stock Analysis page.