Eni’s remuneration policy envisages a progressive cash dividend.
For 2016 the dividend is €0.80 per share. This level has been defined with respect to two key metrics:
In light of the financial results achieved in 2015, the Board of Directors submitted a proposal for distributing a dividend of €0.80 per share (1) at the Ordinary Meeting of Eni’s Shareholders. Included in this annual payment is €0.40 per share which was paid as interim dividend in September 2015. On 12 May 2016 the Ordinary Meeting of Eni’s Shareholders approved the distribution of a €0.80 per share dividend for 2016 and the payment of the balance of the 2015 dividend in the amount of €0.40 per share, on May 25, 2016, with an ex-dividend date of May 23, 2016 and a record date of May 24, 2016.
1) Dividends are not entitled to tax credit and, depending on the receiver, are subject to a withholding tax on distribution or are partially cumulated to the receiver’s taxable income.
Following new Italian tax laws in force from January 1, 2004, dividends do not entitle to a tax credit and are either subject to a withholding tax, or partially cumulated to the receiver's taxable income, depending on the receiver fiscal status.
On ADR payment date, Bank of New York Mellon will pay the dividend less the entire amount of a withholding tax under Italian law (currently 27%) to all Depository Trust Company Participants, representing payment of Eni SpA's interim dividend.
On June 1, 2001 Eni Shareholders' Meeting resolved to convert the nominal value of Eni shares into euro and to group two shares of nominal value 0.5 euro into one share with nominal value one euro. In order to make an homogeneous comparison possible, data presented in the tables of this page were calculated assuming that the above mentioned grouping occurred starting from the first year of each table.
Dividend Yield - Dividend/price ratio
Corresponds to the ratio between the dividend and the share price.
The values shown have been calculated using the following methodology:
value of the dividend per share in relation to the average closing price in the month of December of the year to which the dividend refers.
The dividend yield is used as an indicator of the return of the share excluding capital account gains/losses. It should not be seen as a forecasted return in that it takes account of the dividend of each year.
The dividend yield is used as an indicator of the return of the share excluding capital account gains/losses.
It should not be seen as a forecasted return in that it takes account of the dividend of each year.
|Dividend Yield (%)|
Dividend Pay Out Ratio
This is the ratio between the total dividend distributed and the profit for the period.
|Pay Out (%)|
Last updated on 08/03/16