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

 

  2017 2018 2019 2020
Ex-dividend date 09/04/2018 01/04/2019 29/03/2021 11/10/2021
Total n° of shares issued as of 31/12 170,107,400 170,107,400 170,553,778 170,650,642
Total n° of shares issued as of the ex-dividend date 170,107,400 170,107,400 184,694,346  
Consolidated Net Profit (€m) - Reported 95.55 92.15 93.16 91.07
Consolidated Net Profit (€m) - Adjusted 83.73 91.75 98.79 97.63
Earnings per share (EPS) - Reported* € 0.562 € 0.542 € 0.546 € 0.534
Earnings per share (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
Dividend per share (DPS) € 0.492 € 0.539 ***
Pay-out ratio on Adjusted consolidated Net Profit 100.0% 100.0% 71.7% 100.0%
Dividend yield (DPS/Average closing price in the year**) 9.1% 10.2% n.s. n.s.
Dividend yield (DPS/Closing price before the ex-dividend date) 8.4% 9.9% n.s.  

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

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

*** In line with the Board of Directors proposal, communicated in the press release issued on 17/02/2021, the Shareholders’ Meeting of 25/03/2021 approved the cash distribution to shareholders of dividends equal to € 3,231,388, corresponding to a dividend per share of € 0.017495 for each of the 184,694,346 BFF ordinary shares. The payment took place starting from 31/03/2021, with ex-dividend date on 29/03 (coupon n° 3) and record date on 30/03.
BFF’s Board of Directors remains committed to call an ordinary Shareholders’ Meeting as soon as possible, in compliance with the Bank of Italy’s recommendations and, therefore, after 30/09/2021, in order to resolve on the distribution of the remaining 2019-2020 Total Cash Dividend, equal to € 165,275,418.

Date of last update: 08/09/2021.