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ITEN

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 import: 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.

DIVIDEND PER SHARE

 
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updated
02 September 2016 - 14:13 CEST