In derogation of the proposed appropriation of profits in the integrated annual report 2015, the Supervisory Board of VERBUND AG approved a new proposed appropriation of profits during its meeting held today. At the Annual General Meeting on 13 April 2016, VERBUND will therefore propose a dividend of €0.30 per share for financial year 2015. This corresponds to a payout ratio of 50.2% of the reported Group result and a payout ratio of 38.8% of the adjusted Group result. Based on the 2015 closing price, the dividend yield is 2.5%.
Given the decline in prices on the electricity futures market in recent weeks, however, the management of VERBUND AG is reviewing additional options to further strengthen free cash flow. These include significant measures in the areas of growth and maintenance CAPEX, future dividend policy and cost reduction.