FRANKFURT (Reuters) – Uniper on Monday said it would propose a significant reduction in the dividend it plans to pay out for 2021 compared with a year earlier, citing “a stronger focus on liquidity and investment capacity” as a result of energy market volatility.
The company said it would propose a dividend of 7 euro cents (8 dollar cents) per share for 2021, down from 1.37 euros per share it paid for 2020.
Uniper said its parent, Finland’s Fortum, supported the move.
($1 = 0.8799 euros)
(Reporting by Christoph Steitz)
