Enagas : Adjusting dividend policy to hydrogen development opportunity
>Adjusting dividend policy to investment road map - Enagas’ FY 2023 results conference call brought an important announcement regarding a 42% dividend cut in DPS for 2024-2026 to € 1.0/year compared to the previous reference of € 1.74 to adapt its policy to the hydrogen investment plan (€ 3.2bn investments from 2026). The new proposed dividend accounts for 90% of the average adjusted net profit (compared to previous 150%) and 40% of the FFO (vs previous 80%) over the ...Enagas is a gas transportation company based in Spain. Co. is engaged in the technical distribution and storage of gas through pipelines as well as the provision of regasification services. Co. and subsidiaries are engaged in the ownership, administration, storage, pipeline transportation, distribution flow, and sale of natural gas. As a transport company, Co. also provides gas and manages the gas infrastructures.
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