ENXTLS:RENEIntegrated Utilities
REN (ENXTLS:RENE) Stock Price Faces Dividend Doubts Despite Profit Growth
REN, Redes Energéticas Nacionais SGPS, went into this earnings release with the stock drifting, down over 7% across the past month and roughly 1% over the past week, as investors weighed debt concerns against an attractive P/E and dividend yield. The Q2 print lands squarely on that fault line. Revenue of €325.156m and basic EPS of €0.085232 reinforce a picture of solid profitability, yet the company still carries high leverage and a dividend that free cash flow does not comfortably cover...