Dividend policy
MAIN TARGETS
SUPERIOR LONG-TERM RETURNS WITH LOW RISK PROFILE
- Excellent track record
- Significantly improved role of gas in the future energy mix
- Stable and visible regulation
- Increased plain target to 2023
- Well positioned to capture additional accretive opportunities
Plan entirely financed with organic cash flow
Dividend policy upgraded
- +5% DPS growth (from € 23.76 cents in 2019 to € 24.95 cents in 2020)
- Target: 5% DPS CAGR 2017-2022
Buyback optionality
As part of the authorization received from the Shareholder Meeting on 2 April 2019, Snam intends to resume the buyback program of treasury shares with the launch of a further tranche of €150 mln
DIVIDEND PER SHARE*
5% CAGR→
| 23.76 | ||||||||||||
| 22.63 | ||||||||||||
| 21.55 | ||||||||||||
| 2017 (paid 2018) |
2018 | 2019 | 2020 | 2021 | 2022 | |||||||
* dividend for the period, paid in the following year
DIVIDEND PER SHARE (€ cent - for the period)
Demerger Italgas
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updated
28 August 2020 - 15:15 CEST
28 August 2020 - 15:15 CEST