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Shares and dividends

SHARES

Number of outstanding ordinary shares (without nominal value)  17,413,389,613
 
 Number of shares - Historical figures

DIVIDEND POLICY

Over the time horizon of the 2022-2025 Business Plan: a cash dividend distribution was envisaged corresponding to
a payout ratio, based on the consolidated net income, of 70% each year of the Plan; in the second half of 2022
and the first half of 2023, a buyback was executed for a total of 3.4bn euro (*); in 2024,
a buyback of 1.7bn euro was executed, launched in June and concluded in October;
in 2025, a buyback of 2bn euro launched in June and concluded in October.


For the 2024 results, a cash interim dividend of over 3bn euro paid in November 2024 and
a cash remaining dividend of over 3bn euro paid in May 2025,
for a total dividend distribution of 6.1bn euro.

 

_______
(*) Amount equivalent to the suspended 2019 dividend.

INTERIM DIVIDEND FOR 2025

In November 2025, 3.2bn euro was paid out as a cash interim dividend for the 2025 results.

DIVIDEND FOR 2024

  Dividend (euro cents) Average stock price
in 2024
 (euro)
"Dividend yield"
Per ordinary share 34.1 (*)  3.481 9.8%
 
(*) 17 euro cents as interim dividend paid in November 2024 and 17.1 euro cents as remaining dividend paid in May 2025.
 
Market Ratios - Historical figures
 
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