EON AG Stock Split April 2008 !!

Eon logo

E.ON held its AGM in Essen on April 20,2008. In this meeting the board proposed to:

1.Increase dividend by 22%
2.Split EON stock at the ratio of 3:1

The record date for the stock split has NOT been announced yet.

EON shares performed very well last year beating the DAX and the European Utilities Index.EON stock grew by 42% in 2007.

From Reuters:
Shares in German utility E.ON are up 2.3 percent, outperforming Frankfurt’s top-30 DAX index after the group’s 2007 results beat expectations.

Investors also cheer E.ON’s higher than expected dividend — 4.10 euros per share — and a share split, traders say. “Key figures for 2007 were above our estimates and above consensus estimates,” DZ Bank analyst Mario Kristl says in a note.

“We see E.ON still on track. Due to the high power prices throughout Europe the company should continue to reach significant operating increase rates,” says Kristl, who rates the stock “buy” with a fair value of 155 euros.”

For more details goto:

1. EON IR site
2. Eurex EON AG stock split circular: eon-ag-stock-split.pdf

Leave a Reply

Your email address will not be published. Required fields are marked *