RWE Capital Markets Day in London: High investment, higher dividend and rising share prices

RWE announced at its Capital Markets Day in London that the group is aiming for higher goals for the current decade and wants to pay out more dividends. The share reacted positively to the news and rose by almost three percent, which brought it to the top of the DAX.

Goals and forecasts

In the period from 2024 to 2030, RWE plans to invest 55 billion euros net worldwide and expand its green portfolio to over 65 gigawatts. The company expects an annual increase in adjusted EBITDA of an average of 14 percent, which should grow to more than nine billion euros by 2030.

Dividend policy

RWE intends to increase the dividend by five to ten percent annually. The dividend should be 1.10 euros per share next year, compared to the currently planned 1.00 euros per share for the current 2023 financial year.

Market Impact

RWE's announcements have a positive impact on the market and investors. The focus on the expansion of green energies creates additional trust in the company, which is reflected in the share price development. The long-term trend of the stock shows recovery and it is expected to continue rising.

According to a report by www.deraktionaer.de,