Under Eni’s four year plan assumption of 90 $/bl in 2013-2016 and gradual recovery in European markets, Eni will adopt a progressive dividend policy, based on the board’s view of Eni’s underlying growth and value creation prospects.
At the board meeting held on the 19th of September, Eni’s Board of Directors resolved to distribute to Shareholders an interim dividend for the fiscal year 2013 of €0.55 per each share1 (€0,54 in 2012) outstanding at the ex-dividend date as of 23 September 2013, payable on 26 September 2013. The proposal to distribute an interim dividend of €0.55 was announced to the market on 1 August 2013, when the Company published its second quarter results.
(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.
(2) calculated on Eni avg share price in Dec 2012
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