Dividend-day 2021 coming to Piazza Affari. On Monday, many of the big names on the Milanese price list will detach the coupon. After the full-bodied appetizer of last April 16, the most important appointment with the detachment of the 2021 dividends is scheduled for Monday 24 May when 18 companies of the Ftse Mib will present themselves at the appointment with the remuneration of the shareholders. Among these, very generous dividends stand out even if the ECB restrictions on bank stocks continue to weigh. This year, in fact, the banks return to detach the coupon, stopped in 2020 by the ECB stop. The ECB restrictions remain in part, with the recommendation to banks to limit the dividend to a maximum of 15% of cumulative profits between 2019 and 2020, without exceeding the ceiling of 20 basis points of Cet1 capital.
Generali and Unipol the most generous
Below is the list of deadlines on 24/5 in alphabetical order with relative yields calculated based on the closing price on 21 May.
The generous coupons of Generali Assicurazioni (€ 1.01 with a yield of 5.72%) and Unipol (€ 0.28 with a yield of 5.65%). Just below the 5% threshold too Italgas (0.277 euros, yield of 4.78%), as well as Azimuth (4.79%) and A2A (4.53%).
In the list there are also two coupon balances by ENI (0.24 euros) and Recordati (0.55 euros).
Intesa gives a new appointment to the shareholders by the end of the year
Then there is Intesa’s coupon of 0.0357 euros, which is equal to the maximum allowed by the ECB. Intesa Sanpaolo has already prepared a dividend plan which provides for the cash distribution from reserves, possibly by the end of 2021, which by adding to the aforementioned dividends leads to the payment of an overall amount corresponding to a payout ratio equal to 75% of the 3,505 million euros of adjusted net profit, as well as a interim dividend (amount not specified) on earnings 2021 (payout target of 70%) with 1,061 million euros already accrued in the first quarter of 2021.