News Headline Summary

Salzgitter (SZG GY) to propose EUR 0.25 dividend vs. Exp. EUR 0.35

Says:
- German steel market environment in 2013 is challenging.
- Sees rising 2014 sales and earnings.

Reaction details (10:10)

- SZG GY shares initially fell 0.9% from EUR 33.40 to EUR 33.10 after announcing a lower-than-expected dividend, but gained 2% to EUR 33.79 after stating seeing rising 2014 sales and earnings. SZG GY shares trade EUR 33.80 last.
- In the minutes following the move, SZG GY shares fell to session lows of EUR 32.52 after the initial volatility.

22 Mar 2013 - 10:02 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: