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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

Page Alert
updated
28 August 2020 - 15:15 CEST