WSJ.com: US Business
Enel Plans to Slice Debt Further
March 12, 2014 4:07 a.m. ET
ROME—Italian utility Enel SpA said Wednesday it would slice away its mammoth debt by a further 7.3% this year, thanks to asset sales and cost-cutting measures, and it plans to boost its dividend policy from 2015 to attract investors, though it cut its 2013 dividend.
Enel plans to pay a dividend of €0.13 ($0.18) a share on 2013 earnings, compared with €0.15 in 2012, a 13% drop. The company said it will enhance its dividend policy to a...
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