CEO_CFO Breakfast_ Increase Grid Investments or Dividend Boost
BofA Securities·2024-12-05 02:58
Jefferies Spain | Utilities Endesa CEO/CFO Breakfast: Increase Grid Investments or Dividend Boost Conclusion We feel Endesa's strategy is clearer after an investor breakfast with the CEO and CFO earlier today. Endesa is ready to invest more in grids if the new allowed return reaches an adequate level; otherwise, it will increase its dividend policy (5.6% JEFe 2025 D/Y). We should expect a draft regulatory proposal on grids during December 2024 or January next year. Additionally, the CEO highlighted potentia ...