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    Verbund AG's Dividend Analysis

    Verbund AG (OEZVY) recently announced a dividend of $0.16 per share, payable on 2024-05-28, with the ex-dividend date set for 2024-05-07. Using the data from GuruFocus, let's look into Verbund AG's dividend performance and assess its sustainability. What Does Verbund AG Do?

  • Reuters

    Verbund CEO says volatility is the 'new normal' on power and gas markets

    European countries must expect volatile power and gas markets in the long run even after the current conflicts in Ukraine and the Middle East have faded, the head of Austrian hydropower heavyweight Verbund told Reuters in an interview. The escalating conflict between Israel and Hamas in Gaza has sent oil prices higher, and while gas and power prices have fallen far back from peaks reached after Russia's invasion of Ukraine, they remain higher on average than before the war. "Turbulence on energy markets is the new normal," Verbund CEO Michael Strugl said.

  • Reuters

    Austria's Verbund AG to appeal in case against price hike

    Austria's Verbund AG said on Thursday it plans to appeal a court decision against a clause that allowed the energy company to increase its tariff from May last year. Verbund said it would lodge its appeal in due course with Austria's Supreme Court of Justice. "Our goal is still to obtain clear specifications for price changes from the legislator in order to ensure legal certainty for suppliers and end consumers alike," the company said in a statement emailed to Reuters.