German energy company Uniper has established a new dividend policy targeting average annual payout growth of 7%, strengthening its capital-market positioning as the government considers reducing its ownership.
The company announced a base annual dividend of €300 million and said it intends to propose a €321 million distribution for the 2026 financial year.
That would represent €0.77 per share, compared with €0.72 per share for 2025.
The proposed payment remains subject to sufficient distributable earnings and shareholder approval at the 2027 annual general meeting.
The policy follows Uniper’s recovery from the European energy crisis, when Germany provided approximately €13.5 billion in rescue funding after disruptions to Russian natural gas supplies.
Berlin subsequently became the company’s dominant shareholder and has been examining options for reducing its stake.
Possible approaches include a strategic sale, a financial-investor transaction or a partial stock-market listing. No final transaction has been announced.
The dividend framework provides prospective investors with greater visibility into the company’s intended shareholder distributions.
However, future payouts will depend on financial performance, investment requirements and the company’s capacity to generate distributable profits.
Uniper is expected to provide additional strategic information at its capital markets day on November 16.
Investors will monitor the company’s investment plans, earnings outlook and any formal government decision regarding ownership changes.
