Reprivatization: Uniper is wooing investors with higher dividends
The nationalized energy company is aiming for annual dividend growth of seven percent in the medium term.
Quick Look
- The nationalized energy company Uniper is planning a higher dividend of 77 cents per share for 2026.
- The company is thus preparing for the reprivatization being examined by the federal government.
AI-generated summary
Why It Matters
The federal government nationalized Uniper during the 2022 energy crisis. The EU Commission is demanding a reduction in participation by the end of 2028.
Dusseldorf. The nationalized energy company Uniper is promoting the planned reprivatization with a higher dividend.
The group wants to propose a dividend of 77 cents per share for 2026 to the 2027 general meeting, the largest German gas company announced on Friday.
That is an increase of seven percent compared to the profit share of 72 cents per share paid for 2025.
The federal government is currently examining how to reduce its stake in Uniper - either through a sale or an IPO.
The company said the dividend total for 2026 would be 321 million euros, up from 300 million euros previously.
The group expects further profitable development, which should also be reflected in the dividend policy.
In the medium term, Uniper is aiming for annual dividend growth of seven percent and a base dividend of 300 million euros.
“With our strategy and planned investments, we are laying the foundation for the expected growth in earnings in the coming years,” said CEO Michael Lewis.
Shareholders should participate in this growth.
The dividend policy creates a clear, long-term perspective for this: “We strive for a continuously growing dividend,” emphasized Lewis.
The supervisory board recently appointed the manager as CEO for another five years until the end of October 2031.
Lewis has been head of the Düsseldorf group since 2023.
The federal government nationalized Uniper during the energy crisis in 2022, thereby protecting it from impending bankruptcy.
The EU Commission had stipulated that the federal government reduce its stake to a maximum of 25 percent plus one share by the end of 2028.
Lewis has always advocated that Uniper should remain independent.
What to Watch
AI outlook — possibilities, not facts
Uniper proposes a dividend of 77 cents to the general meeting
Very likely · Within months
Open Questions
- When will the actual reprivatization take place?
- Will Uniper be sold or taken public?







