Upcoming Italgas dividend
Change(%)
+9.37%
Increase
Next payment 0.35€
Next payment date May 22, 2024
Last payment 0.32€
Last payment date May 24, 2023
00 D 00 H 00 M 00 S
Ex-Dividend: 5/17/24
Confirmed

May 22, 2024 is the date when Italgas (IG) will pay 0,35 euros per share in dividends, offering a yield of 6.46%.

Investors in Italgas (IG), take note: buying before the Ex-dividend Date, May 17, 2024, is essential to secure dividends, and the Record Date, May 21, 2024, is when your participation is confirmed.

The dividends paid by Italgas on May 24, 2023 were 0.32 euros per share.

Italgas S.p.A., listed on the Italian and Austrian stock markets, being denominated with the stock exchange indicator IG, has delivered dividends to its shareholders since 2017, recording a track record of continuous compliance with the commitment, without presenting suspensions so far.

The granted quota has been moderately increasing, being paid in only one payment per year, normally in the last days of May, with a yield approaching 5.50%. .

Payout Ratio Italgas Dividends

Italgas paid 5% of its net income in the last fiscal period as dividends.
Italgas's earnings (2,564,088,064.00€) are sufficient to cover the dividend payment. This payment represents 5% of the total net profit of IG.
Dividend payout ratio
Payout Ratio

Dividend calendar of Italgas

These are the most important events of the Italgas calendar in 2024:

Event Day
Last trading date May 16, 2024
Ex-Dividend (Ex-Date) May 17, 2024
Record date May 21, 2024
Date of payment May 22, 2024
Data confirmed by the company Italgas (IG).
Confirmed
Source
Historical annual dividend yields of Italgas
Over the past 5 years, Italgas has steadily increased the annual dividend amount.
Increasing Dividends
Dividend yield
Dividend yield of Italgas vs. the sector
Italgas's dividend yield (6.52%) is above the sector average (4.38%).
Comparison with industry average
Italgas's dividend yield is among the top 25% (6.11%) of the sector.
Evaluation with respect to competence.
Dividend yield history in Italgas
In the last 5 years, Italgas's annual dividend amount has not fallen more than 10%.
Dividend stability

Dividend history of Italgas

In this table you can see the complete history:

YearEx-DividendAmountTotal
2023
05/22/2023
0.317 €
0.317 €
2022
05/23/2022
0.295 €
0.295 €
2021
05/24/2021
0.277 €
0.277 €
2020
05/18/2020
0.256 €
0.256 €
2019
05/20/2019
0.234 €
0.234 €
2018
05/21/2018
0.208 €
0.208 €
2017
05/22/2017
0.2 €
0.2 €
Italgas dividend capture strategy
Step 1: Buy Italgas shares (IG) one day before ex-dividend date
Date of purchase May 16, 2024
Next ex-dividend date May 17, 2024
Step 2: Sell Italgas shares (IG) when the price recovers.
Date of sale (estimated) N/A
Average price recovery N/A
Average return on cost N/A
The dividend capture strategy is based on historical Italgas data. Past performance is no guarantee of future results.

Information about Italgas

Full name Italgas S.p.A.
Ticker IG
Sector Public Services
Industry Utilities - Regulated Gas
Market Capitalization 4.39B €
ISIN IT0005211237
Description of the company

Italgas S.p.A. is a company of Italian origin that specializes in the distribution of natural gas for domestic and commercial use. The parent group is composed of the entirety of the companies Italgas Reti, Italgas Acqua, Junto al Mar and Toscana Energia Verde, as well as partial companies such as Medea, Metano Sant'Angelo Lodigiano, Toscana Energia, Umbria Distribuzione Gas and Gaxa.

It was founded in 1837 in Turin, being initially named as "Compagnia di Illuminazione a Gaz per la Città di Torino", in 1967 it becomes part of the Eni Group through the subsidiary Snam, entering the stock exchange in 2016 after going through a process of legal investigations, becoming then Italgas S.p.A., expanding its operations from its hometown to the rest of Italy, obtaining concessions in almost 1,800 municipalities, buying in 2021 DEPA infrastructures, a company dedicated to gas distribution in Greece.

The company is in charge of supplying gas to homes and businesses in Italy, offering daily service, maintaining the networks to prevent leaks, making continuous investments in updating the system, ensuring its profitability, being present in major Italian cities such as Rome, Venice and Turin, controlling 35% of the domestic market.

They have invested in acquiring new entities and subsidiaries to expand territorially, with the intention of building more than a thousand kilometers of digital pipelines, equipped with integrated sensors so that they can manage the system remotely.

Frequently asked questions about Italgas dividends

Italgas pays dividends on a Anual basis.

Italgas is listed on the Borsa Italiana and is part of the FTSE MIB.

Italgas has the Ticker or stock code IG.

The CEO of Italgas in 2024 is Mr. Paolo Gallo.

Italgas has a growing dividend program. In the last 5 years, dividends have been at least equal to or higher than the previous year.

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