Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Commodities  >  WTI       

WTI
My previous session
Most popular
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Uniper Issues 2018 Guidance, Raises Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 09:08am CEST
   By Nathan Allen 
 

Germany's Uniper SE (>> Uniper SE) issued earnings guidance for 2018 on Thursday and said it plans to increase its 2018 dividend to 310 million euros ($366.2 million).

Uniper said it expects adjusted earnings before interest and taxes of between EUR800 million and EUR1.1 billion in 2018, compared with a range of EUR1 billion to EUR1.2 billion for 2017.

The company said it will propose a dividend of EUR310 million euros for 2018--up from EUR250 million in 2017--and that it plans to raise its dividend by an average of 25% a year through to 2020.

Uniper was formed when German utility company E.ON SE (>> E.ON) spun off its conventional energy operations. E.ON has since committed to selling its remaining 47% stake in Uniper to Fortum Oyj (>> Fortum Oyj) and will incur a EUR1.5 billion charge if the deal doesn't go through.

In November Uniper's board recommended that shareholders reject a EUR8.05 billion takeover bid from Fortum, as it didn't think the offer was in the company's best interests.

Shares in Uniper rose by more than 6% on Tuesday after U.S. activist fund Elliott Management Corp. announced it had bought a 5.3% stake in the company. Uniper has since been trading over EUR25.50, far above Fortum's offer of EUR22 a share.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article : Uniper SE, E.ON, Fortum Oyj
Stocks mentioned in the article
ChangeLast1st jan.
E.ON 3.64% 8.992 Delayed Quote.-0.76%
FORTUM OYJ 1.16% 21.82 Delayed Quote.32.24%
UNIPER SE 0.96% 26.36 Delayed Quote.1.38%
WTI 1.19% 71.53 Delayed Quote.16.77%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WTI
09/23Oil Producers Signal Confidence in Managing Supply Disruptions -- update
DJ
09/23Correction to Oil Producers Signal Confidence in Managing Supply Disruptions
DJ
09/23Oil Producers Debate Best Way to Contain Crude Prices -- 2nd Update
DJ
09/23Oil Producers Signal Confidence in Managing Supply Disruptions -- Update
DJ
09/23DUKE ENERGY : Initial Tests Show No Harm to River From Sutton Release
DJ
09/23Oil Producers Signal Confidence in Managing Supply Disruptions
DJ
09/21DUKE ENERGY : Zeroes In on Remaining 26,000 Customers Without Power
DJ
09/21Transocean Semisubmersible Rig Gets Equinor Pact
DJ
09/21Correction to Oil Price Story
DJ
09/21NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
More news
Chart WTI
Duration : Period :
WTI Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WTI
Short TermMid-TermLong Term
TrendsBullishNeutralBullish