DIVIDEND POLICY

MAIN TARGETS

  • SUPERIOR LONG-TERM GROWTH OF INVESTORS' RETURNS
    WITH LOW RISK PROFILE

    • Demerger enables value creation opportunities for both Snam and Italgas
    • Stable regulation and operational excellence support investments
    • Organic capex delivers steady and attractive returns
    • New opportunities to capitalize on evolving market dynamics
    •  
    •  

    Sound financial policy

 

Growing dividend

FY2016: €21 cents
FY2017-FY2018: +2.5% yearly

Buyback optionality

Up to 3.5% outstanding shares
Max amount: €500 mn
Timing: 18 months
Execution flexibility based on evolution of financial performance
and alternative investment opportunities

Over the 15 years of quotation Snam has always distributed dividends to its shareholders, for a total amount of 10.4 billion euro.

Grafici Ritornoazionisti 2
Page Alert last update
01 July 2016 - 12:00 CEST