19.09.2013
RWE Aktiengesellschaft DE0007037129
DGAP-Adhoc: RWE Resolves to Adjust its Dividend Policy and Maintains its Earnings Forecast for 2013
RWE Aktiengesellschaft / Key word(s): Strategic Company Decision/Payout
19.09.2013 19:42
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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In light of the deterioration in the earnings prospects of the conventional
electricity generation business, the Executive Board of RWE AG decided in
its meeting today to adjust the company's dividend policy. The Supervisory
Board endorses the Executive Board's decision to adjust the dividend
policy. The Executive and Supervisory Boards intend to propose to the
Annual General Meeting, which will take place on 16 April 2014, a dividend
of 1 euro per common and preferred share. Previous year's dividend was 2
euros. The dividend proposal for the following fiscal years should be in
line with a payout ratio of 40% to 50% of recurrent net income, as opposed
to the previous range of 50% to 60%.
RWE maintains the earnings forecast it published in March 2013: the company
expects EBITDA of about 9 billion euros, an operating result of about 5.9
billion euros and recurrent net income of about 2.4 billion euros.
19.09.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: RWE Aktiengesellschaft
Opernplatz 1
45128 Essen
Germany
Phone: +49 (0)201-12-15025
Fax: +49 (0)201-12-15265
E-mail: [email protected]
Internet: www.rwe.com
ISIN: DE0007037129, DE0007037145
WKN: 703712, 703714
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
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