A good return on shareholders’ investment
Aiming at a dividend payout ratio from 40% to 50% of Autogrill Group net income
Balance between dividend and investments
DPS at least equivalent to previous year
Visible and sustainable shareholder remuneration
The Shareholder Remuneration Policy of Autogrill S.p.A. contemplates a yearly dividend, paid entirely in cash and increasing annually, to be determined according to the consolidated net profits of each financial year.
The Company confirms its commitment to the attractive and sustainable remuneration of its Shareholders in the medium/long-term. Based on the economic and financial outlook and on its sound capital structure, the Company is targeting each year a dividend payment at least in line with that of the previous year, in absolute terms, and with a payout ratio in a range of 40% to 50% of consolidated net profits.
The proposed dividend distribution, submitted every year for approval by Autogrill S.p.A.’s Board of Directors to the Annual General Meeting of Shareholders, and more broadly the actual distribution of the annual dividend in the years to come, will remain subject to, among other things, the Group’s operating and financial results, market conditions and the requirements of financial flexibility associated with pursuing its corporate purposes and implementing its planned investments and any potential extraordinary deals.
As a consequence thereof, despite the approval of the dividend policy outlined above, it cannot be taken for granted that dividends will be distributed yearly, nor is it possible to predetermine the exact amount that will be actually paid out.
|Shares||Unitary dividend approved by the Shareholders' Meeting||Ex dividend Date||Payment|
|Meeting Date||Pay out||Meeting Minutes|
(*)Dividend payout on underlying Net Profit