Our excellent financial and strategic progress provides scope to enhance and simplify our remuneration policy. Going forward Eni intends to distribute between 25-30% of expected annual CFFO by way of a combination of dividend and share buyback.
For 2023 Eni announced:
an annual dividend of €0.94/share, a 7% increase versus 2022
a share buyback programme of €2.2 bln1, reflecting the expectations on scenario and the performance of the business.
Moreover, in conditions that exceed our scenario, we expect to apply 35% of incremental cashflow to additional buybacks, while in outcomes that don’t meet our scenario expectations in the first instance we would use balance sheet, timing and capex flexibility to meet our commitment.
The fourth instalment of the dividend for the 2022 fiscal year was paid on May24, 2023 (ex-dividend date: May 22, 2023) by an amount of 0.22€ per share.
The total annual dividend for the 2022 fiscal year, divided in 4 tranches, was 0.88€ per share.
The first instalment of the dividend for the 2023 financial year was paid on September 20, 2023 (ex-dividend date: September 18, 2023).
This is the ratio between the dividend and the share price. The following methodology was used for the calculation of values: value of dividend in relation to the average of closing prices in the December of the year to which the dividend pertains. For example: 2014 dividend yield = €1.12 (2014 dividend distributed with an interim dividend in September 2014 and the balance in May 2015)/€14.72 (average share price in December 2014). The dividend yield is used as an indicator of the return regardless of gains/losses. It should not be considered as an expected return as it takes into account the dividend for each year.
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