Market Ratios - Historical figures

Price/book value
The indicator reflects the value attributed by the market to the Shareholders' equity of a listed company, hence indirectly to the company’s overall assets. The indicator for 2019 is reported in relation to both average figures and year-end figures.

Pay-out ratio
The indicator reports the portion of net income paid out as dividends.   

_{(°) The Intesa Sanpaolo Shareholders’ Meeting of 27 April 2020 approved the proposal made by the Board of Directors at its meeting of 31 March 2020, in compliance with the recommendation of the European Central Bank dated 27 March 2020 on dividend policy until 1 October 2020 in the aftermath of the COVID-19 epidemic, to suspend dividend distribution to shareholders and to allocate net income for the financial year 2019 to reserves. The Board of Directors of Intesa Sanpaolo intends to convene an Ordinary Shareholders’ Meeting after 1 October 2020 to execute the distribution of part of the reserves to shareholders by the end of the financial year 2020, subject to the indications that will be given by the ECB in respect of dividend policy and the Group’s solid capital position being preserved in respect of the evolution of the context following the COVID-19 epidemic. 
(*)  For 2017 and 2016, the amounts were partially assigned from reserves.}     

Dividend yield
This indicator measures percentage return on the share, calculated as the ratio between dividends for the year and the average annual market price in the reference year.