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Provider: Reuters Investment Profile
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Veolia Environnement Ve SA Proposes FY 2012 Dividend; Issues Revenue Guidance for FY 2014 Onwards Above Analysts' Estimates

Thursday, 28 Feb 2013 04:20am EST 

Veolia Environnement Ve SA announced that its Board of Directors will propose to the Annual General Meeting to be held May 14, 2013 a dividend payment of EUR 0.70 per share in respect of the 2012 fiscal year, payable in cash or in shares of Veolia Environnement Ve SA. These new shares will be issued at a price equivalent to 90% of the average opening price on Euronext Paris of the shares over the twenty trading days prior to the day of the Annual General Meeting, less the amount of the dividend. The ex-dividend date (for ordinary shares only) has been set as May 20, 2013. The period during which shareholders may choose the option of the payment of dividend in cash or in shares will begin on May 20, 2013 and end June 4, 2013. The 2012 dividend will be paid, in cash or in shares, in either case from June 14, 2013. The Company also announced that it aims to pay a dividend of EUR 0.70 per share for fiscal year 2013. The Company also announced that from fiscal year 2014 onwards it is aiming for organic growth in revenue of over 3% per year. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 27.965 billion and fiscal year 2014 revenue of EUR 28.542 billion. 

Company Quote

0.09 +0.51%
22 Aug 2014