The board of Spanish power company Endesa SA (ELE.MC) at a meeting Tuesday is likely to approve a large dividend of between EUR5 and EUR6 per share, La Gaceta de los Negocios reports Tuesday.
The much larger than usual dividend will reflect EUR4.55 billion in extraordinary gains from asset divestments to German power giant E.ON AG (EON), the newspaper says.
The board meeting is also slated to approve third-quarter results.
Spanish infrastructure and energy company Acciona SA (ANA.MC) and Italian power utility Enel SpA (ENEL.MI) are the main shareholders of Endesa, with a combined 92% stake.