VERBUND AG: Executive Board proposes distribution of a special dividend for financial year 2022
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EQS-Ad-hoc: VERBUND AG / Key word(s): Dividend/Payout The Executive Board of VERBUND AG has resolved to propose to the 2023 Annual General Meeting the distribution of a special dividend in the amount of €400m in addition to the regular dividend, which is based on a payout ratio of between 45% and 55% of the Group result for 2022 after adjustment for non-recurring effects. The one-off special dividend is intended to allow shareholders to participate in the Group’s anticipated extraordinarily positive business performance for the current financial year 2022 by means of a higher payout. Based on the payout ratio for the previous year and the average of the current earnings forecast, the total dividend for financial year 2022 would amount to approximately €1.2bn. Distribution of the dividends must be approved by the Supervisory Board at the meeting at which the annual financial statements are to be approved and also requires the approval of the shareholders of VERBUND AG at the 2023 Annual General Meeting.
Head of Group Finance and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:investor-relations@verbund.com
25-May-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
| Language: | English |
| Company: | VERBUND AG |
| Am Hof 6A | |
| 1010 Wien | |
| Austria | |
| Phone: | 0043-1-53113-52604 |
| Fax: | 0043-1-53113-52694 |
| E-mail: | investor-relations@verbund.com |
| Internet: | www.verbund.com |
| ISIN: | AT0000746409 |
| WKN: | 877738 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1361263 |
| End of Announcement | EQS News Service |
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1361263 25-May-2022 CET/CEST
