Our dividend policy

Aware of its SIIQ status, IGD is committed to providing its shareholders with attractive and sustainable returns also by considering our FFO (Funds from Operations) as it is one of the main indicators used to measure the performance of companies (it indicates the income generated by the Group’s core business and recurring operations).

 

Dividend 2017

During the Annual General Meeting held on 1 June 2018, IGD’s shareholders resolved to pay a dividend of  0.50 euro per share. The dividend paid in 2018 was 11% higher than the one paid in 2016 (€0.45 per share). The total paid as dividends, €55.2 million, came to 84.1% of the FFO for the year, which is consistent with the dividend policy outlined in IGD’s 2016-2018 Business Plan.

Shares went ex-div on 11 June 2018  and the dividend was payable as from 13 June 2018. The shareholders of IGD at the record date (12 June 2018) were entitled to receive the dividend.

Dividend per share evolution (in €)

Dividends for the year 2014, 2015 and 2016 have been recalculated in order to take into account the reverse stock split occurred in February 2018.

Dividend Yield

The dividend yield, or price/dividend ratio, is the annual dividend payments made (or announced) divided by the shares’ closing price at the end of the year. The ratio is used to calculate the yield, but does not take into account the stock’s market performance.

IGD has provided its shareholders with the following dividend yield since 2014.

DIVIDEND YIELD evolution (%)

Dividends in the history of IGD

Rewarding its shareholders has been a priority for IGD since its IPO in 2005.

Dividend highlights are provided below.

20172016201520142013201220112010
SHARES
Shares outstanding at 31/1281,304,563*813,045,631813,045,631756,356,289348,001,715330,025,283330,025,283330,025,283
Treasury shares at 31/12000010,976,59210,976,59210,976,59210,976,592
Official closing price at 31/12 (€)8.9620.7240.8870.6450.8650.8200.7241.452
Par value (€)nonenonenonenonenonenone00
Market capitalization at 31/12 (€)728,488,884588,645,037720,764,952487,849,806301,021,483270,620,732238,791,972479,278,333
DIVIDENDS
Dividend per share (€)0.50**0.0450.0400.03750.0650.0700.0800.075
Dividend yield (%)5.586.24.65.87.58.511.15.2
Ex-div date coupon11/06/201822/05/201723/05/201618/05/201519/05/201420/05/201321/05/201223/05/2011
Payment date13/06/201824/05/201725/05/201620/05/201522/05/201423/05/201324/05/201226/05/2011

*The number of shares take into account the reverse stock split occurred in February 2018.

** All the shares deriving from the share capital increase completed on 23 April 2018 are also entitled to dividend. Therefore the total number of shares entitled to dividend for year 2017 is 110,341,903.