German utility Eon said it would increase its dividend next year, after a large tax refund allowed it to reduce debt by nearly 5bn euros. The announcement came as the company reaffirmed its guidance for full-year earnings of 2.8bn-3.1bn euros. Johannes Teyssen, chief executive, said Eon had strengthened its balance sheet and reduced debt faster than planned.
FT 9th Aug 2017 read more »