E.On Se (OTCMKTS:EONGY) Raises Dividend to $0.41 Per Share


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E.On Se (OTCMKTS:EONGY) declared an annual dividend on Tuesday, April 6th, Zacks reports. Investors of record on Friday, May 21st will be paid a dividend of 0.406 per share by the utilities provider on Friday, May 28th. This represents a yield of 3.45%. The ex-dividend date of this dividend is Thursday, May 20th. This is a boost from E.On’s previous annual dividend of $0.36.

Shares of EONGY opened at $11.77 on Thursday. The company has a market capitalization of $25.51 billion, a P/E ratio of 15.69, a P/E/G ratio of 2.21 and a beta of 0.36. E.On has a one year low of $8.95 and a one year high of $12.32. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.75 and a current ratio of 0.81. The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $10.87.

Several brokerages have issued reports on EONGY. UBS Group restated a “buy” rating on shares of E.On in a research note on Friday, February 19th. Zacks Investment Research upgraded E.On from a “sell” rating to a “hold” rating in a research note on Monday, March 15th. Kepler Capital Markets restated a “buy” rating on shares of E.On in a research note on Monday, December 21st. Credit Suisse Group restated an “outperform” rating on shares of E.On in a research note on Monday, February 22nd. Finally, Morgan Stanley cut E.On from an “equal weight” rating to an “underweight” rating in a research note on Friday, December 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.00.

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, rest of Europe, and internationally. The company provides power and gas distribution networks and related services; and supplies energy solutions, such as power, gas, and heat to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

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