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Siemens Energy rises on additional share buyback, dividend hike

By Reuters News

** Siemens Energy ENR1n.DE shares rise 5% in early Frankfurt trade on plans to expand its share buyback and more than triple its dividend

** The German energy technology company plans to buy back up to €9 billion ($10.05 billion) worth of additional shares through the end of fiscal 2030

** It proposes a dividend of €2.30 per share for 2026, up from €0.70 apiece last year

** "Clear positive as only a smaller additional share buyback was expected," a local trader says

** The trader also points to the company's 2027 outlook, which targets 14-16% revenue growth and a profit margin of 14% to 16%, and its "optimistic" ambitions beyond 2030

** Stock tops Germany's blue chip index .GDAXI in early trading

($1 = 0.8957 euros)

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