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E.ON, RWE get fresh boost from dividend, profit outlook

Reuters  |  ESSEN, Germany 

By Christoph Steitz and Tom KäckenhoffESSEN, Germany (Reuters) - German energy groups E.ON and RWE on Tuesday fleshed out their plans to break up RWE's Innogy business, predicting higher profits and dividends as a result of a more focused corporate structure.E.ON forecast annual operating profit to rise by an average 3 to 4 percent over the next three years, while RWE flagged a bigger than expected dividend for 2019, driving shares in E.ON to the top of Germany's blue-chip index .The two companies announced plans to carve up networks, renewables and retail energy firm Innogy, in which RWE ...

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First Published: Wed, March 14 2018. 04:03 IST