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).
The Board of Directors will propose during Annual General Meeting, that will be held on 10 April 2019, to pay a dividend of € 0.50 euro per share. The dividend that will be paid in 2019 will be in line with the one paid in 2018. The total paid as dividends, €55.2 million, will come to 69.3% of the FFO for the year, which is consistent with the dividend policy outlined in IGD’s 2019-2021 Strategic Plan.
Shares will go ex-div on 13 May 2019 and the dividend will be payable as from 15 May 2019. The shareholders of IGD at the record date (14 May 2019) will be entitled to receive the dividend.
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.
Rewarding its shareholders has been a priority for IGD since its IPO in 2005.
Dividend highlights are provided below.
|Shares outstanding at 31/12||110,341,903||81,304,563*||813,045,631||813,045,631||756,356,289||348,001,715||330,025,283||330,025,283|
|Treasury shares at 31/12||75,126||0||0||0||0||10,976,592||10,976,592||10,976,592|
|Official closing price at 31/12 (€)||5.382||8.962||0.724||0.887||0.645||0.865||0.820||0.724|
|Par value (€)||none||none||none||none||none||none||none||0|
|Market capitalization at 31/12 (€)||593,860,100||728,488,884||588,645,037||720,764,952||487,849,806||301,021,483||270,620,732||238,791,972|
|Dividend per share (€)||0.50||0.50**||0.045||0.040||0.0375||0.065||0.070||0.080|
|Dividend yield (%)||9.29||5.58||6.2||4.6||5.8||7.5||8.5||11.1|
|Ex-div date coupon||13/05/2019||11/06/2018||22/05/2017||23/05/2016||18/05/2015||19/05/2014||20/05/2013||21/05/2012|
*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.
2010-2018 historical dividends (11 KB – xlsx)