IGD SiiQ

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Dividend

Shareholders' Remuneration Policy

Aware of its SIIQ status, which requires the company to distribute 70% of the profits earned in rental business activity in Italy, IGD remain finally committed to ensure an attractive return to its shareholders even through the distribution of profits related to the FFO (Funds From Operations) level.

During the period 2016 - 2018 IGD is committed to distributing dividends approximately equal to 2/3 of the gross FFO.

 

2016 Dividend

The Shareholders' Annual General Meeting of 12 April 2017 approved the distribution of a dividend of  0.045 € per share, in line with the proposal of the Board of Directors. The dividend has been paid on 24 May 2017, going the ex-dividend on 22 May 2017. .

The distributed dividend  for 2016 increased of 12.5% compared to that ditributed in 2015 (€ 0.040). The dividend amount, equal to € 36.6 million, corresponds to 67.9% of the 2016 FFO, confirming the dividend policy indicated by IGD in 2016-2018 business plan.

In 2017 the Dividend Reinvestment Option is not expected.

dividend-evolution-31122016

 

Dividend yield

The dividend yield or dividend/price ratio is the ratio between the annual dividend per share paid (or announced) to shareholders and the closing price of the year per share.

This ratio is used as an indicator of immediate performance, but it represents a static measure of performance that does not take into account the performance of the share in the Stock Exchange.

Since 2010, IGD offered the following remuneration to its shareholders, in terms of yield linked to the dividend.

dividend-yield-evolution-18042017

Dividends in IGD's history

Since the listing in 2005, the remuneration of its shareholders is a priority for IGD.

Here you can find the key information on dividends:

 

  2016 2015 2014 2013 2012 2011 2010
Shares
N. of outstanding shares at 31/12 813,045,631 813,045,631 756,356,289 348,001,715 330,025,283 330,025,283 330,025,283
N. of treasury shares at 31/12 0 0 0 10,976,592 10,976,592 10,976,592 10,976,592
Official price at 31/12 (€) 0.724 0.887 0.645 0.865 0.820 0.724 1.452
Par value (€) none none none none none 1 1
Capitalization at 31/12 (€) 588,645,037 720,764,952 487,849,806 301,021,483 270,620,732 238,791,972 479,278,333
Dividends
DPS (€) 0.045 0.040 0.0375 0.065 0.070 0.080 0.075
Dividend yield 6.2% 4.5% 5.8% 7.5% 8.5% 11.1% 5.2%
Going ex dividend 22/05/2017 23/05/2016 18/05/2015 19/05/2014 20/05/2013 21/05/2012 23/05/2011
Payment 24/05/2017 25/05/2016 20/05/2015 22/05/2014 23/05/2013 24/05/2012 26/05/2011

 

 
 

 
 
 
 
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