Dividend

The dividend development of the RWE Group provides evidence of the long-term and sustained strength of our company.

Our dividend policy targets a regular payout ratio of 50% to 60% of recurrent net income. This figure is calculated by subtracting from net income the non-operating result which is affected by one-off effects and major non-recurrent effects on the financial result, taxes, and income from discontinued operations.

The Annual General Meeting of RWE AG on April 20, 2011 approved a dividend of €3.50 per share for fiscal 2010. Relative to recurrent net income, this results in a payout ratio of 50%. The dividend was paid on April 21, 2011.

Dividend/dividend payment

1 Based on the closing share prices.
  2010200920082007200620052004
Dividend payment€ million1,8671,8672,4011,6891,968984844
Payout ratio%50537157804447
Dividend per share3.503.504.503.153.501.751.50
Dividend yield common share1%7.05.27.13.34.22.83.7
Dividend yield preference share1%7.35.68.43.84.93.24.4

Our dividend proposal for fiscal 2011 will again be in line with our usual payout ratio of 50 % to 60 %. The basis for calculating the payout ratio is recurrent net income, which is expected to be approximately 35 % lower than last year.

 

Here you will find more information on the Annual General Meeting 2011.