German utility giant E.ON SE (EONGY.PK) confirmed its 2013 earnings forecast. For the current year The company expects to record EBITDA of 9.2 billion euros to 9.8 billion euros and underlying net income of 2.2 billion euros to 2.6 billion euros. A significant portion of the decline-about 1 billion euros-represents the loss of earnings streams from divested businesses.
The company stated that at its Annual Shareholders Meeting, its shareholders voted to pay out 1.10 euros per share dividend. Accordingly, the company will pay a dividend of 1.10 euros per share, which represents an increase from the prior year. The company said that all together, it will pay out to shareholders about 50 percent of its underlying net income.
For comments and feedback: editorial@rttnews.com