VERBUND AG: Executive Board proposes distribution of a special dividend for financial year 2023
February 13, 2024 at 11:58 am EST
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EQS-Ad-hoc: VERBUND AG / Key word(s): Dividend/Payout
VERBUND AG: Executive Board proposes distribution of a special dividend for financial year 2023
13-Feb-2024 / 17:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Executive Board of VERBUND AG has resolved to propose to the 2024 Annual General Meeting the distribution of a special dividend of €0.75 per share (prior year: €1.16 per share) in addition to the regular dividend of €3.40 per share (prior year: €2.44 per share). The special dividend will allow shareholders to participate in the Group’s extraordinarily positive business performance for financial year 2023 by means of a higher payout, among other things.
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 2024 Annual General Meeting.
Contact:
Andreas Wollein
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
End of Inside Information
13-Feb-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
Verbund AG is Austria's leading producer and supplier of electricity. Net sales break down by activity as follows:
- production and sale of electricity (84.5%): 63.4 TWh sold in 2022 (of which primarily 30.7 TWh in Austria, 27.5 TWh in Germany and 4.4 TWh in France). At the end of 2022, the group had 163 hydraulic plants, 163 wind parks, 4 solar parks and 2 thermal plants;
- electricity transportation (12.7%): operation of a high-voltage electrical network of 6,959 km;
- other (2.8%): consult engineering, consulting, telecommunications and tourism services, etc.
VERBUND AG 
