Vestas Heads for 1st Dividend in Decade After Turnaround
This article is for subscribers only.
Vestas Wind Systems A/S is heading for a first cash dividend payment in more than a decade, a sign the wind turbine industry led by its biggest manufacturer is prospering after a three-year slump.
Vestas will meet its full-year solvency and profitability targets that are preconditions for a dividend payment, according to all seven analysts following the company who responded to an e-mailed Bloomberg News survey. Six said a payout will come in 2015 after full-year earnings for this year are announced, and all expect payments in 2016.