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RWE AG to Issue FY 2013 Dividend; Confirms FY 2013 Forecast

Thursday, 19 Sep 2013 01:42pm EDT 

RWE AG announced that its Executive and Supervisory Boards intend to propose to the Annual General Meeting, which will take place on April 16, 2014, a fiscal year 2013 dividend of EUR 1 per common and preferred share. Previous fiscal year's 2012 dividend was EUR 2 per share. The dividend proposal for the fiscal year 2013 should be in line with a payout ratio of 40% to 50% of recurrent net income, as opposed to the previous range of 50% to 60%. Further, RWE maintains the fiscal year 2013 earnings forecast with EBITDA of approximately EUR 9 billion, an operating result of approximately EUR 5.9 billion and recurrent net income of approximately EUR 2.4 billion. 

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