Scrip Dividend again very popular with E.ON shareholders
- Participation rate of 37 percent in line with previous year result
- E.ON distributes approximately 20 million treasury shares to shareholders
After 2014, E.ON SE has this year again given its shareholders the option of partially converting their cash dividend of €0.50 per share into shares of E.ON treasury stock. Until May 27, 2015, E.ON shareholders could convert €0.36 per share of their dividend entitlement. The remaining €0.14 will be paid out in cash and, where necessary, be used to cover tax obligations.
Again, a large number of E.ON shareholders took advantage of their option. This year’s participation rate was 37 percent. The total number of shares used for the dividend option and distributed to the shareholders is approx. 20 million, which corresponds to about €260 million. The remaining cash dividend totaling approximately €706 million will be paid out and E.ON shares will be delivered on June 5, 2015.
“Since the announcement of our spin-off plans in November 2014, E.ON has been going through a very challenging transformation process which requires the support of our very diverse group of shareholders. Against this background we are very pleased about the positive response from both our institutional investors and our private shareholders, and we’d like to thank them all for their confidence in us,” said E.ON SE's new CFO Michael Sen.