INVESTORS

Share info

Dividend

Dividend policy aimed at self funding business growth and paying excess capital to shareholders:

  • Target Total Capital ratio level of 15%, well above the SREP requirements
  • Earnings of the period retained to maintain the 15% Total Capital ratio target and pay-out the portion of the net income of the year in excess of the 15% TC ratio threshold
  • No obligation to pay a minimum DPS or pay-out ratio every year
  FY 2017 FY 2018 FY 2019 FY 2020
Ex-dividend date 9-Apr-2018 1-Apr-2019 29-Mar and 11-Oct 2021 11-Oct-2021
Total n° of shares as of 31/12 170,107,400 170,107,400 170,553,778 170,650,642
Total n° of shares as of the ex-dividend date 170,107,400 170,107,400 184,694,346 185,307,538
Net Profit (€m) - Reported 95.55 92.15 93.16 91.07
Net Profit (€m) - Adjusted 83.73 91.75 98.79 97.63
EPS - Reported* € 0.562 € 0.542 € 0.546 € 0.534
EPS - Adjusted* € 0.492 € 0.539 € 0.579 € 0.572
Cash dividends accrued in the year (€m) 83.69 91.75 70.87 97.63
Cash dividends paid (€m) 83.69 91.75 3.23 165.28
DPS € 0.492 € 0.539 € 0.415 € 0.572**
DPS paid € 0.492 € 0.539 € 0.017495 € 0.8946
Pay-out ratio on Adjusted Net Profit 100.0% 100.0% 71.7% 100.0%
Dividend yield (DPS/Average closing price in the year) 9.1%*** 10.2% 8.2% 11.7%**
Dividend yield (DPS/Closing price before the ex-dividend date) 8.4% 9.9% 6.4% 7.0%**

* Computed on the basis of the total n° of shares as of 31/12.

** Theoretical DPS amount, calculated on the basis of the cash dividends accrued in 2020 (€97.63m) and the total n° of shares as of 31/12/2020 (#170,650,642).

*** The average closing price of 2017 includes also the IPO price (€ 4.7).

Date of last update: 30/12/2021.