Dividend

REN's dividend policy is influenced by relevant factors at the time of allocation of results. These include its distributable profits, its financial situation and financing needs (capital expenditure, investment plan, etc.), its business outlook or the conditions applicable to the pursuit of its activities.

REN has provided an attractive return to shareholders and a clear and sustainable dividend policy, according to its Strategic Plan. In 2013 to 2021, REN distributed an annual dividend of 17.1 cents per share to shareholders. In 2021 and 2024, a bi-annual dividend distribution policy was implemented, with a minimum value of 15.4 cents per share.

REN's Board of Directors approved at the General Shareholders' Meeting the payment of a dividend of 15.4 cents per share for the 2023 financial year, of which 6.4 cents were already paid in December 2023 as an advance on profits, while the remaining 9 cents are due from 31^st May 2024.

On 13^th May 2024, REN released its new strategic plan 2024-2027 (available at: https://www.ren.pt/media/wdqi0llw/20240513_ren_capital-markets-day-2024.pdf), which targets an increase in dividends of 2%/year until it reaches 16.3 cents per share (in 2027).