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Copel Approves Dividends, Share Buyback, and Asset Sale
Company Announcements

Copel Approves Dividends, Share Buyback, and Asset Sale

Companhia Paranaense de Energia Pfd (ELP) has released an update.

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Companhia Paranaense de Energia (Copel) has approved the distribution of R$600 million in dividends for 2024 and launched a share buyback program targeting up to 10% of its outstanding shares. Additionally, Copel has agreed to sell several energy assets to Electra Hydra Participações Societárias Ltda., aiming for efficiency gains and strategic alignment.

For further insights into ELP stock, check out TipRanks’ Stock Analysis page.

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