Furthermore, the IntesaSanpaolo meeting approved a new plan for the purchase and disposal of treasury shares
The shareholders’ meeting of Intesa Sanpaolo approved the financial statements for the 2023 financial year, which closed with a statutory net profit of 7.29 billion euros.
Furthermore, the shareholders approved the overall distribution of 5,407,970,787.35 euros in total from the 2023 profit, corresponding to a payout ratio equal to 70% of the consolidated net profit.
Taking into account the interim dividend paid in November 2023 of 2,628,985,341.02 euros (0.144 euros per share), it leads to the proposed distribution of 2,778,985,446.33 euros in the balance. Based on the current number of 18,282,798,989 ordinary shares into which IntesaSanpaolo’s capital is divided, the dividend balance is equal to 0.152 euros per sharefor a total amount of 0.296 euros of the 2024 dividend (relating to the 2023 financial year).
The coupon will be detached on Monday 20 May 2024 and made available for payment from May 22nd.
Furthermore, the IntesaSanpaolo assembly approved a new plan for the purchase and disposal of treasury shares.
The authorization is granted for a maximum of IntesaSanpaolo ordinary shares corresponding to a maximum overall outlay of 1.7 billion euros and, in any case, for quantities not exceeding 1,000,000,000 shares. Management plans to start purchases in June 2024subject to the approval of the ECB and the shareholders’ meeting.
The leaders of IntesaSanpaolo have reported that the operation has an amount equal to approximately 55 cents of a point of Common Equity Tier 1 ratio as of 31 December 2023. Furthermore, as a result of these purchases, shareholders will be able to see increase its share of IntesaSanpaolo’s total dividendswithout having to invest further.
