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ITEN

Dividend Policy

MAIN TARGETS

SUPERIOR LONG-TERM RETURNS WITH LOW RISK PROFILE

  • Growing organic capex plan with fair regulation
  • New stream of asset-light services
  • Operational excellence and efficiency
  • Well positioned to capture additional accretive opportunities

Strict financial discipline
       

Dividend policy confirmed

  • On the basis of the results achieved, Snam has paid in May 2017 a dividend, for the year 2016, of 0,21 euros per share.
  • Snam’s dividend policy provides for an average yearly increase of 2,5% until the dividend for the year 2018.

Starting from the dividend for the year 2017, Snam provides for a return to payment of an interim dividend (January 2018) and a final dividend (June 2018).

BUYBACK OPTIONALITY

  • Up to 3,5% outstanding shares
  • Max import: 500 mn €
  • Execution flexibility based on evolution of financial performance and alternative investment opportunities

Over the 16 years of quotation Snam has always distributed dividends to its shareholders, for a total amount of 11.3 billion euro.

DIVIDEND PER SHARE

 

Demerger Italgas

Page Alert
updated
20 July 2017 - 10:54 CEST