Dividends
Rewarding remuneration for all our shareholders
EQUITA benefits from a business model that invests in capital-light initiatives. This allows the Group to use the cash generated from net profits to finance distributions to shareholders, M&A transactions and investments in new initiatives aimed at fostering organic growth, keeping at the same time strong financial soundness as demonstrated by the capital ratios, well above minimum capital requirements.
Note: figures above are referred to 2017-2022 fiscal years.
EQUITA has not announced any dividend policy but historically the Group has always distributed a significant portion of net profits. This has been made possible thanks to the Group strong financial soundness, the focus on capital-light initiatives and the direct involvement of managers and employees in the share capital of the Company.
Dividends distributed since IPO
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|
| Dividend per share (DPS, €) |
0.35 (0.20 T1 / 0.15 T2) |
0.35 (0.20 T1 / 0.15 T2) |
0.20 (0.10 T1 / 0.10 T2) |
0.19 (one tranche) |
0.22 (one tranche) |
0.22 (one tranche) |
| Payment date | 24 May 2023 (T1) / 22 Nov 2023 (T2) |
25 May 2022 (T1) / 23 Nov 2022 (T2) |
12 May 2021 (T1) / 10 Nov 2021 (T2) |
10 Jun 2020 | 8 May 2019 | 9 May 2018 |
| Ex-dividend date | 22 May 2023 (T1) / 20 Nov 2023 (T2) |
23 May 2022 (T1) / 21 Nov 2022 (T2) |
10 May 2021 (T1) / 8 Nov 2021 (T2) |
8 Jun 2020 | 6 May 2019 | 7 May 2018 |
| Coupon (#) | 8 (T1) 9 (T2) |
6 (T1) 7 (T2) |
4 (T1) 5 (T2) |
3 | 2 | 1 |
| Net Profits (€m) | 15.2 (16.2**) | 21.5 | 12.3 | 9.5 | 12.0* | 11.0 |
| Total Dividend (€m) | 16.8 | 16.3 | 9.2 | 8.7 | 10.0 | 10.0 |
| Payout Ratio % | 112% (103%**) | 76% | 75% | 92% | 91% | 91% |
| No. Total Shares (m) | 51.0 / 51.3 |
50.7 / 50.8 |
50.2 / 50.2 |
50 | 50 | 50 |
| No. Treasury Shares (m) | 3.2 / 3.2 |
4.0 / 3.9 |
4.1 / 41 |
4.1 | 4.3 | 4.5 |
| No. Outstanding Shares (m) | 47.8 / 48.1 |
46.6 / 46.9 |
46.2 / 46.2 |
45.9 | 45.7 | 45.5 |
| Retained Earnings of the period (€m) | (1.7) | 5.2 | 3.0 | 0.8 | 2.0* | 1.0 |
| Cumulated Retained Earnings (€m) | 10.3 | 12.0 | 6.8 | 3.8 | 3.0 | 1.0 |
| Cumulates Retained Earning per share (€) | 0.21 |
T1 (Tranche 1) / T2 (Tranche 2)
* Includes €1.0 million of Adjusted Net Profit related to 2018 fiscal year to adjust for non recurring items linked to the IPO process
** Excludes the impact of the cash-settlement related to the long term incentive plan (LTIP) EQUITA 2020-2022 based on stock options
Note: number of total shares, treasury shares and outstanding shares are calculated as of the date of dividend payment
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