We announced an increase in our 2019 dividend by 3.6% to € 0.86 per share, in line with our commitment to a progressive remuneration policy linked to our underlying earnings and free cash flow growth. Furthermore, we will start a four-year buyback programme with a capital allocation of €400 million in 2019 and in the following years, assuming a leverage steadily below 20%, an annual capital allocation either of €400 million in a $60-$65 Brent scenario or €800 million with a scenario above $65 Brent.
The date for the payment of the 2019 final dividend will be communicated with the publication of the 2019 financial calendar, in accordance with the Borsa Italiana market rules.
The interim dividend 2019 was paid on 25 September 2019 (ex-dividend date: 23 September 2019; record date: 24 September 2019) by an amount of 0.43 € per share
The dividend for the 2018 fiscal year (interim + final) for a total amount of € 0.83 per share was paid on:
Depending on the recipient’s fiscal status dividends are subject to a withholding tax or are treated in part as taxable income.