Dividend

Dividend

Dividend policy

Uniper strives to strike a balance between attractive dividends for shareholders, the company's ability to invest, and balance-sheet stability. We want you to participate to a high degree in the company's success. For the 2016 to 2020 financial years, Uniper had set itself an average annual dividend growth target of 25% - based on a fixed dividend of around €200 million for the 2016 financial year.

For the 2019 financial year, the payout was increased to €421 million. This resulted in a dividend payment of €1.15 per share on dividend-bearing capital stock and corresponded to a 28% increase in the dividend compared with the prior year. This manifests the strong recovery in the operating business as well as the success of a strategy with ongoing portfolio optimization and the success of implemented cost-cutting programs.

Uniper aims to pay a dividend of €500 million for the 2020 financial year. Subject to the approval of the upcoming 2021 Annual General Meeting, this would even slightly exceed our dividend growth target.

We are pursuing the goal of increasingly investing the operating cash flows generated by Uniper in growth initiatives. In this way, we want to actively contribute in driving the energy evolution forward ('Empower Energy Evolution') and develop new future sources of earnings. At the same time, we want to continue to offer our shareholders attractive dividend prospects.