BRAND IDENTITY
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Shareholders’ remuneration framework
Our distribution policy confirms the progressive growth in shareholder value as we execute our strategy. We rank distribution as a top priority in our financial framework by allocating a percentage of the operating cashflow - a transparent link to our business performance. We expect to grow dividend over time while also improving its quality.
In February 2025 we raised the target distribution payout range to 35-40% of the annual CFFO, from 30-35% previously, by way of a combination of dividend and share buyback – reflecting the strategic, operational and financial advances Eni has made.
For 2025 Eni announced:
- an annual dividend of €1.05/share, a 5% increase versus 2024
- a share buyback programme of €1.5 bln, based on our CFFO expectations linked to performance of the business and scenario.
This is equivalent to a total distribution CFFO payout of 36%.
The share buyback is a flexible tool. We intend to use our financial flexibility in lower than planned scenario and any CFFO shortfall to deliver the target buyback. While in case of better than planned CFFO outcomes, we will allocate up to 60% of incremental cash to additional purchases. Additionally, if the disposal plan is more material than planned, we could decide to further increase the percentage of CFFO distribution.
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Shareholder distributionEnhanced distribution
RAISING SHARE OF
CFFO DISTRIBUTED
CFFO DISTRIBUTED
35-40% OF CFFO
Distributed via dividends
and buyback
from 30-35% previously
Distributed via dividends
and buyback
from 30-35% previously
RAISING DIVIDEND
€1.05 DPS 2025
5% increase vs 2024,
distributed quarterly
€ 1.5 BLN BUYBACK 2025
5% increase vs 2024,
distributed quarterly
€ 1.5 BLN BUYBACK 2025
SHARING VALUE AND UPSIDE
11% YIELD1
Competitive policy
4 year return of ~45%
of market capitalization60% OF CFFO UPSIDE
To buyback
1 Yield as of close of February 21th
Competitive policy
4 year return of ~45%
of market capitalization60% OF CFFO UPSIDE
To buyback
1 Yield as of close of February 21th
2024 Share Buyback Program
The Buyback Program commenced on 27 May 2024 and ended on 20 February 2025.
| Buybacks to Date: | Volume | Transaction amount (mln EURO) |
|---|---|---|
| 20 February 2025 | 144,125,411 | 2,000,000 |
| Data updated every Wednesday on a weekly basis | ||
Daily transaction volumes and prices  |
||
Dividend calendar: future dates
The dividend is split into 4 instalments paid every year in March, May, September and November.
The fourth tranche will be paid on May 21, 2025 (ex-dividend date: May 19, 2025; record date: May 20, 2025).
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Dividend calendar: latest payments
The first tranche has been paid on September 25, 2024 (ex-dividend date: September 23, 2024; record date: September 24, 2024).
The second tranche has been paid on November 20, 2024 (ex-dividend date: November 18, 2024; record date: November 19, 2024).
The third tranche has been paid on March 26, 2025 (ex-dividend date: March 24, 2025; record date: March 25, 2025).
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Dividend Yield
This is the ratio between the dividend and the share price. The following methodology was used for the calculation of values: value of dividend in relation to the average of closing prices in the December of the year to which the dividend pertains. For example: 2014 dividend yield = €1.12 (2014 dividend distributed with an interim dividend in September 2014 and the balance in May 2015)/€14.72 (average share price in December 2014). The dividend yield is used as an indicator of the return regardless of gains/losses. It should not be considered as an expected return as it takes into account the dividend for each year.
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Dividend history
| Year | Ex-Date | Payment Date | Amount | ||
|---|---|---|---|---|---|
| € | Lire | ||||
| 2024 | 3rd instalment | 24 March 2025 | 26 March 2025 | 0.25 | |
| 2024 | 2th instalment | 18 November 2024 | 20 November 2024 | 0.25 | |
| 2024 | 1th instalment | 23 September 2024 | 25 September 2024 | 0.25 | |
| 2023 | 4th instalment | 20 May 2024 | 22 May 2024 | 0.23 | |
| 2023 | 3rd instalment | 18 March 2024 | 20 March 2024 | 0.24 | |
| 2023 | 2nd instalment | 20 November 2023 | 22 November 2023 | 0.23 | |
| 2023 | 1st instalment | 18 September 2023 | 20 September 2023 | 0.24 | |
| 2022 | 4th instalment | 22 May 2023 | 24 May 2023 | 0.22 | |
| 2022 | 3rd instalment | 20 March 2023 | 22 March 2023 | 0.22 | |
| 2022 | 2nd instalment | 21 November 2022 | 23 November 2022 | 0.22 | |
| 2022 | 1stinstalment | 19 September 2022 | 21 September 2022 | 0.22 | |
| 2021 | Balance | 23 May 2022 | 25 May 2022 | 0.43 | |
| 2021 | Interim | 20 September 2021 | 22 September 2021 | 0.43 | |
| 2020 | Balance | 24 May 2021 | 26 May 2021 | 0.24 | |
| 2020 | Interim | 21 September 2020 | 23 September 2020 | 0.12 | |
| 2019 | Balance | 18 May 2020 | 20 May 2020 | 0.43 | |
| 2019 | Interim | 23 September 2019 | 25 September 2019 | 0.43 | |
| 2018 | Balance | 20 May 2019 | 22 May 2019 | 0.41 | |
| 2018 | Interim | 24 September 2018 | 26 September 2018 | 0.42 | |
| 2017 | Balance | 21 May 2018 | 23 May 2018 | 0.40 | |
| 2017 | Interim | 18 September 2017 | 20 September 2017 | 0.40 | |
| 2016 | Balance | 24-apr-17 | 26-apr-17 | 0.40 | |
| 2016 | Interim | 19 September 2016 | 21 September 2016 | 0.40 | |
| 2015 | Balance | 23 May 2016 | 25 May 2016 | 0.40 | |
| 2015 | Interim | 21 September 2015 | 23 September 2015 | 0.40 | |
| 2014 | Balance | 18 May 2015 | 20 May 2015 | 0.56 | |
| 2014 | Interim | 22 September 2014 | 25 September 2014 | 0.56 | |
| 2013 | Balance | 19 May 2014 | 22 May 2014 | 0.55 | |
| 2013 | Interim | 23 September 2013 | 26 September 2013 | 0.55 | |
| 2012 | Balance | 20 May 2013 | 23 May 2013 | 0.54 | |
| 2012 | Interim | 24 September 2012 | 27 September 2012 | 0.54 | |
| 2011 | Balance | 21 May 2012 | 24 May 2012 | 0.52 | |
| 2010 | Interim | 19 September2011 | 22 September 2011 | 0.52 | |
| 2010 | Balance | 23 May 2011 | 26 May 2011 | 0.50 | |
| 2009 | Interim | 20 September 2010 | 23 September 2010 | 0.50 | |
| 2009 | Balance | 24 May 2010 | 27 May 2010 | 0.50 | |
| 2008 | Interim | 21 September 2009 | 24 September 2009 | 0.50 | |
| 2008 | Balance | 18 May 2009 | 21 May 2009 | 0.65 | |
| 2007 | Interim | 22 September 2008 | 25 September 2008 | 0.65 | |
| 2007 | Balance | 19 May 2008 | 22 May 2008 | 0.70 | |
| 2006 | Interim | 22 October 2007 | 25 October 2007 | 0.60 | |
| 2006 | Balance | 18 June 2007 | 21 June 2007 | 0.65 | |
| 2005 | Interim | 23 October 2006 | 26 October 2006 | 0.60 | |
| 2005 | Balance | 19 June 2006 | 22 June 2006 | 0.65 | |
| 2004 | Interim | 24 October 2005 | 27 October 2005 | 0.45 | |
| 2004 | Balance | 20 June 2005 | 23 June 2005 | 0.90 | |
| 2003 | Balance | 21 June 2004 | 24 June 2004 | 0.75 | |
| 2002 | Balance | 23 June 2003 | 26 June 2003 | 0.75 | |
| 2001 | Balance | 24 June 2002 | 27 June 2002 | 0.75 | |
| 2000* | Balance | 18 June 2001 | 21 June 2001 | 0.424 | 820 |
| 1999 | Balance | 19 June 2000 | 22 June 2000 | 0.362 | 700 |
| 1998 | Balance | 21 June 1999 | 28 June 1999 | 0.310 | 600 |
| 1997 | Balance | 22 June 1998 | 22 June 1998 | 0.289 | 560 |
| 1996 | Balance | 23 June 1997 | 23 June 1997 | 0.248 | 480 |
| 1995 | Balance | 24 June 1996 | 24 June 1996 | 0.222 | 430 |
* 1 euro = 1936.27 lire
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