How dividends are distributed: the part of the annual net profit due to shareholders.
Eni does not have a dividend policy based on a percentage targets.
Eni’s remuneration policy is based on a progressive dividend paid entirely in cash.
For 2017, we confirm our commitment to pay a full cash dividend of €0.8 per share. This level of remuneration was defined with reference to two main parameters.
1. The first aims to ensure the coverage of investments and dividends with cash flow from operations:
2. The second follows a payout ratio (the percentage of profits distributed as dividends) that is sustainable in the long term and in line with profit growth.
On 13 April 2017, the AGM resolved to allocate the 2016 net profit of €4,521,093,313.31, of which €3,080,637,260.11 remains following the distribution of the 2016 interim dividend of 0.4 euro per share, resolved by the Board of Directors on 15 September 2016, with a final dividend of €0.4 per share therefore resulting in a total 2016 dividend (interim + final) of €0.8 per share.
The final dividend for the 2016 fiscal year was paid on 26 April 2017 (ex-dividend date: 24 April 2017. Record date: 25 April 2017).
On 14 September 2017, Eni’s Board of Directors resolved to distribute to Shareholders an interim dividend for the fiscal year 2017 of €0.40 per share outstanding at the ex-dividend date as of 18 September 20171. The interim dividend was paid on 20 September 2017 (record date: 19 september 2017). The proposal to distribute an interim dividend of €0.40 was announced to the market on 28 July 2017, when the Company published its second quarter results.
Information regarding the final instalment of the 2017 dividend will be promptly notified to the market.
1 Depending on the recipient’s fiscal status dividends are subject to a withholding tax or are treated in part as taxable income.
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