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Germany's Uniper sets dividend policy ahead of possible IPO

By Reuters News

FRANKFURT, Nov 6 (Reuters) - German state-owned energy group Uniper UN0k.DE on Friday set a new dividend policy in anticipation of a possible initial public offering that Berlin is weighing as part of a dual-track divestment process.

Uniper, bailed out in 2022 for €13.5 billion ($15.1 billion), said it would target annual dividend growth of 7% and proposed a dividend of €0.77 per share for 2026, compared with €0.72 apiece for last year.

The payout policy gives possible investors transparency as Berlin pursues a sale of the company that could result in a sale to a strategic or financial investor or a partial listing on the stock exchange.

"With our strategy and planned investments, we are laying the foundation for the earnings growth we expect in the coming years," CEO Michael Lewis said.

"We want our shareholders to participate in this growth. Our dividend policy provides a clear, long-term outlook for this: We aim for a steadily growing dividend."

($1 = €0.8930)

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