Endesa dividend yield

Endesa’s Dividend Yield Will Be 5% Higher Than Sector Average

Endesa’s new strategy will improve the group’s long-term visibility and allow dividends to be sustained thanks to its robust cash generation. A minimum dividend of 1,32 eur/share in 2017 and 1,33 eur/share in 2018 has been confirmed. This implies a dividend yield 2018 estimated of 7% (higher than the sector average of 5%).

Ferrovial lights up Manchester Streets

Ferrovial Will Light Up The Streets Of Manchester

Ferrovial has been awarded the contract to change the Manchester street lighting system, substituting it for one with LED technology. As a result, the city will reduce its energy spend by some 2 million pounds (2.25 million euros) a year, according to the company.

Iberdrola and Endesa affected by drought in Spain

Iberdrola and Endesa’s Results Affected By Impact Of The Drought In Spain

Droughts are not new in Spain, but current year is the third driest year of all time, behind 1981 and 2005. This situation is hitting the hydroelectric capacity of both Spanish utilities Iberdrola and Endesa. In fact, hydroelectric production in Spain fell almost 58% as reservoirs are at 37% capacity when they are normally at 60% during this time of the year.