Dividends

Our dividend distribution policy seeks to achieve a balance between shareholder remuneration and maintaining high capitalization levels.
 

Our dividend policy has the objective of balancing:

  • Shareholder remuneration, with an average 40-50% payout ratio
  • The aim of retaining Mediobanca’s position as one of the best-capitalized Italian banks.

Between 2017 and 2019 we distributed approx  1.3 billion euros (including buyback) to our shareholders out of the profits delivered in the period, while retaining sound capital ratios.

The group pays a dividend once a year, usually in the month of November (for further details see the financial calendar), after the twelve-month results have been approved by shareholders in general meeting, which invariably takes place on 28 October each year.

FY
2011
FY
2012
FY
2013
FY
2014
FY
2015
FY
2016
FY
2017
FY
2018
FY
2019
Cash DPS 0.17 0.05 0 0.15 0.25 0.27 0.37 0.47 0.47
Total dividend payd 144m 42m 0 127m 213m 231m 320m 413m 410m
Stated payout 39% 52% 0% 27% 36% 38% 43% 48% 50%
Share buyback - - - - - - - - 163m
Group net profit 369m 81m (176m) 465m 590m 605m 750m 864m 823m
CET1 11.2% 11.5% 11.7% 11.1% 12.0% 12.1% 13.3 14.2 14.1
No. shares (m) 861 861 861 861 867 871 881 887 887

 

Last update: 30/09/2019