Deutsche Bank doubles dividend to $1.00, following quarterly earnings beat

Deutsche Bank increased its annual dividend to $1.00 per share. This payout represents a rise from the previous $0.51 distribution.

The bank reported quarterly earnings of $1.24 per share. Total revenue reached $10.02 billion for the period. These results surpassed analyst consensus estimates.

Artemis Investment Management LLP increased its holdings in the lender by 25.5% during the fourth quarter. Deutsche Bank now ranks as the firm's 11th largest holding.