Eni's distribution policy is based on the payment of a progressive dividend and a flexible share buy-back program.
The Board of Directors held on March 17, 2014 resolved to submit a proposal for the distribution of a cash dividend of €1.10 per share (€2.20 per ADR) at the Annual Shareholders' Meeting. Included in this annual distribution is €0.552 per share which was paid as an interim dividend in September 2013. The balance of €0.55 per share (€1.10 per ADR) is payable to shareholders on May 22, 2014, the ex-dividend date being May 19, 2014 and the record date being May 21, 2014.
(1) calculated on Eni avg share price in Dec 2013.
(2) 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.
e.g.: Dividend yield 2002 = euro 0.75 (dividend for 2002 distributed in June 2003) / euro 14.42 (average share price in December 2002)
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 (%)||Av. Oil &
* Average calculated on the followings Oil & Gas Companies: BP, Chevron, ConocoPhillips, Exxon Mobil, Royal Dutch Shell and Total.
Dividend Pay Out Ratio
This is the ratio between the total dividend distributed and the profit for the period.
|Pay Out (%)|
Last updated on 19/09/13