American Depository Receipts
In the United States, E.ON shares trade through American Depositary Receipts (ADR) in the over-the-counter (OTC) market. The E.ON ADRs are quoted on OTC Pink under ticker EONGY.
E.ON’s ADR program gives U.S. investors the opportunity to buy E.ON shares and hold them through a receipt which trades and settles like any U.S. share. ADRs are quoted in U.S. dollars and dividends are also paid in U.S. dollars, a significant advantage for U.S. investors. ADR holders can vote at shareholder meetings, participate in profit sharing and receive the relevant company information.
One (1) E.ON ADR is equivalent to one (1) E.ON ordinary share.
Citibank acts as depositary bank for E.ON’s ADR program. Detailed information on E.ON’s ADR program is available from Citibank and via Citibank’s ADR Investor Contact: Telephone: +1 877 248 4237*, e-mail: firstname.lastname@example.org.
You can find details on the quotes and trading activity of the E.ON ADR on OTC Markets.
*Please note that calls may incur costs.
Dividend for ADRs
The 2019 Annual Shareholders Meeting on May 14, 2019 approved a cash dividend of EUR 0.43 per share for the 2018 financial year.
After withholding the capital gains tax of 25 percent and an additional 5.5 percent solidarity surcharge (a total of 26.375 percent) a dividend amount of 0.3531850 USD per ADR (exchange rate 1.1156 USD/Euro) was paid on May 24, 2019.1)
1) In case the ADRs are kept at a financial institution in Germany, due to tax rules a second deduction of taxes may be made (25 percent withholding tax, 5.5 percent on the withholding tax, if applicable church tax).