EDPR shareholders back English name and scrip dividend
EDPR approved a switch to an English corporate name and a 2025 stock dividend, aligning branding and keeping a flexible payout structure for investors.
EDP Renewables shareholders approved a change in the company’s legal name and backed a scrip dividend for 2025 at Monday’s annual meeting, according to a company filing carried on Portugal’s CMVM website. The decision matters for international investors because it aligns the group’s formal name with the brand it already uses globally and maintains a flexible shareholder payout model.
The company will now be formally known as EDP Renewables, Sociedad Anónima, replacing EDP Renováveis, Sociedad Anónima. The name change was included as the ninth item on the AGM agenda and required amendments to the company’s bylaws.
Shareholders also approved a remuneration mechanism based on a scrip dividend, to be implemented through a capital increase using reserves and the issuance of new ordinary shares with a face value of €5. EDPR said in February that the programme represented a 40% payout of 2025 recurring net profit, equal to €132.1 million, or €0.13 per share.
Under the structure outlined by EDPR, shareholders will be able to keep the rights and receive new shares, sell those rights back to the company for cash at a fixed price, or sell them on Euronext Lisbon. Parent company EDP said in February it intended to receive shares under the programme, underscoring the strategic weight of the renewables unit within the group.