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Stock impact report

Siemens Energy won't propose dividend for fiscal year 2024 [Yahoo! Finance Canada]

SIEMENS AG SPONS ADR (SIEGY) 
NASDAQ:AMEX Investor Relations: siemens.com/investor
its payout policy as a result of obtaining project guarantees last year that are backed by the German government. A year ago, Berlin supported Siemens Energy with guarantees worth 7.5 billion euros ($8 billion) as part of a deal with other stakeholders to help the troubled energy company fulfil its order book. The guarantees are part of a package totalling 15 billion euros agreed with private banks and other stakeholders and also impose a pause on dividends and higher level bonuses at Siemens Energy, the economy ministry said at the time. ($1 = 0.9422 euros) (Reporting by Christoph Steitz; Editing by Lisa Shumaker) Recommended Stories Show less Read more
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