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.
Our goal is to at least match the previous year’s dividend for each fiscal year from 2010 to 2013. This will ensure that our shareholders are paid an attractive dividend.
Dividend/dividend payment
1 Dividend proposal for RWE AG’s 2009 fiscal year, subject to the approval of the April 22, 2010, Annual General 2 Based on the closing share prices. | |||||||
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| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| Dividend payment | € million | 1,8671 | 2,401 | 1,689 | 1,968 | 984 | 844 |
| Payout ratio | % | 531 | 71 | 57 | 80 | 44 | 47 |
| Dividend per share | € | 3.501 | 4.50 | 3.15 | 3.50 | 1.75 | 1.50 |
| Dividend yield common share2 | % | 5.2 | 7.1 | 3.3 | 4.2 | 2.8 | 3.7 |
| Dividend yield preference share2 | % | 5.6 | 8.4 | 3.8 | 4.9 | 3.2 | 4.4 |
The Supervisory and Executive Boards of RWE AG will propose a dividend of €3.50 per share for fiscal 2009 to the Annual General Meeting on April 22, 2010. Relative to recurrent net income, this results in a payout ratio of 53%. The dividend will be paid on April 23, 2010.
Here you will find more information on the Annual General Meeting 2010.
