Dividends

Dividend 2019

The 2019 dividend payment (Euro 1,10 per share) is suspended as a result of the recommendations of the Bank of Italy.

The 2020 dividend (Euro 0,47 per share) will be proposed for approval by the Shareholders’ Meeting in April 2021.

Dividend policy

2019

2018

2017

2016

2015

Consolidated net profit (thousands of EUR)

123.097

146.763

180.767

687.945

161.966

Dividends of the Parent Company (thousands of EUR)

58.797

56.125

53.433

43.813

40.334

Payout ratio

47,8%

38,2%

29,6%

6,4%

24,9%

Dividends per share

1,10

1,05

1,00

0,82

0,76