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 2017-2023 fiscal years.
Dividends distributed since IPO
EQUITA has not any dividend policy in place but the Group has always distributed a significant portion of net profits historically. This has been made possible thanks to the strong financial soundness, the focus on capital-light initiatives and the direct involvement of managers and employees in the share capital of the Company.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Dividend per share (DPS, €, T1/T2) |
0.35 (0.20 T1 / 0.15 T2) |
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 (single tranche) |
0.22 (single tranche) |
0.22 (single tranche) |
| Payment date (T1/T2) |
21 May 2024 (T1) / 20 Nov 2024 (T2) |
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 (T1/T2) |
20 May 2024 (T1) / 18 Nov 2024 (T2) |
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 |
| No. Coupon (T1/T2) |
10 (T1) 11 (T2) |
8 (T1) 9 (T2) |
6 (T1) 7 (T2) |
4 (T1) 5 (T2) |
3 | 2 | 1 |
| Adj. Net Profit (€m) | 16.9 | 16.2 | 21.5 | 12.3 | 9.5 | 12.0 | 11.2 |
|
Net Profit (€m) |
16.1 | 15.2 | 21.5 | 12.3 | 9.5 | 12.0* | 11.0 |
| Total Dividend (€m) | 17.1 | 16.8 | 16.4 | 9.2 | 8.7 | 10.0 | 10.0 |
| Payout Ratio % Adjusted (reported) | 100% (103%) |
103% (112%) | 76% (76%) |
75% (75%) |
92% (92%) |
83% (91%) |
89% (91%) |
| No. Total Shares (m, T1/T2) | 51.3 / 51.4 |
51.0 / 51.3 |
50.7 / 50.8 |
50.2 / 50.2 |
50 | 50 | 50 |
| No. Treasury Shares (m, T1/T2) | 2.6 / 2.6 |
3.2 / 3.2 |
4.0 / 3.9 |
4.1 / 41 |
4.1 | 4.3 | 4.5 |
| No. Outstanding Shares (m, T1/T2) | 48.7 ** / 48.8 ** |
47.8 / 48.1 |
46.6 / 46.9 |
46.2 / 46.2 |
45.9 | 45.7 | 45.5 |
| Retained Earnings of the period (€m) | (1.0) | (1.8) | 5.1 | 3.0 | 0.8 | 2.0* | 1.0 |
| Cumulated Retained Earnings (€m) | 9.2 | 10.3 | 12.0 | 6.8 | 3.8 | 3.0 | 1.0 |
| Cumulates Retained Earning per share (€) | 0.19 | 0.21 |
T1 (Tranche 1) / T2 (Tranche 2)
* Adjusted Net Profit excludes non-recurring items and impacts from long-term incentive plans
** Excludes new shares issued in 2024 to fund the acquisition of minorities in EQUITA Mid Cap Advisory
Note: number of total shares, treasury shares and outstanding shares are calculated as of the date of dividend payment
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