E.ON Announces Ninth Consecutive Dividend Increase at Virtual Annual General Meeting

E.ON SE held its Annual General Meeting virtually today, announcing a dividend of 53 cents per share for the 2023 financial year, marking a four percent increase from the previous year. This increase is the ninth consecutive rise in dividends, as part of the company's ongoing growth strategy. E.ON CEO Leonhard Birnbaum also stated the company's aim to sustain a dividend growth of up to five percent annually until 2028, with plans for continued increases thereafter.

Birnbaum cited the company’s strong quarterly results and robust operating performance as evidence of its effective investment-driven growth strategy. He expressed confidence in achieving a target of more than €11 billion in EBITDA by 2028. The CEO emphasized that this strategy not only creates value for shareholders but also contributes to societal benefits.

The meeting saw significant shareholder engagement with 67 percent of E.ON’s capital stock represented. Approval rates for the actions of the Board of Management and the Supervisory Board for 2023 were notably high, exceeding 98 percent and 99 percent, respectively. E.ON made several adjustments to enhance the interactive quality of the meeting, providing shareholders with ample opportunity for direct participation and inquiry without prior question submissions necessary.