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Dividends
Distribution and dividend policy
The "UniCredit Unlocked" plan set out our ambitions to create shareholder value as a priority through the improvement of our profitability and upgraded metrics on a per-share basis.
The distribution is envisaged through a mix of cash dividend and share buyback (subject to supervisory and shareholder approval).
For 2023, the total ordinary distribution was set at 8.6bn, with the cash dividend component equal to 3.0bn (or 35% relative to the net profit1) equivalent to a DPS of 1.80€, and the share buyback component equal to 5.6bn.
From 2024 the new Group ordinary distribution policy introduces a total distribution pay-out2 of at least 90% of net profit and an interim distribution approach assumed at circa 40% of the total full year distributions, in the form of both interim dividend and interim share buyback.
The 2024 interim cash dividend has been defined and approved the 5 November 2024, with the ex-dividend date set on 18 November 2024, record date on 19 November 2024 and payment date on 20 November 2024.
The 2024 interim share buyback has started on 16 September 2024 and has been completed on 14 November 2024
1. Net profit means stated (or accounting) net profit adjusted for impacts from DTAs from tax loss carry forward sustinability test (only for the Group).
2. On net profit equal to stated net profit adjusted for the impacts from TLCF DTAs and potential one-offs related to strategic items.
Dividend per share
Dividend |
Announcement | Payment date | Gross Dividend per ordinary share |
N° of shares eligible for dividend payment |
Documentation |
Press Release | |
|---|---|---|---|---|---|---|---|
Interim 2024 |
06 November 2024 | 20 November 2024 | 0.9261€ | 1,554,803,184 (1) | PDF | Distribution of an Interim dividend for the year 2024 by UniCredit S.p.A. (773.75kb) |
PDF | 2024 Interim dividend approval (63.62kb) |
(1) Treasury shares (possibly held) and n° 9,675,640 ordinary shares used for the financial instruments known as 'CASHES', issued at the time of the February 2009 capital increase, are not included.
| Dividend |
Announcement | Payment date | Gross Dividend per ordinary share |
N° of shares eligible for dividend payment |
|
|---|---|---|---|---|---|
| 2023 (1) | 05 February 2024 | 24 April 2024 | 1.80€ | 1.672.160.031 (2) |
(1) The ordinary shareholders' distribution includes, in addition to the cash dividend component, 5.6bn of share buyback (a first tranche of 2.5bn as approved at Shareholders' meeting on 27 October 2023, have been frontloaded with execution completed in the period 30 October 2023 - 07 March 2024; a second tranche of 1.6bn as approved at Shareholders' meeting on 12 April 2024, with execution completed in the period 09 May 2024 - 21 June 2024; a third tranche of 1.5bn as approved at Shareholders' meeting on 12 April 2024, with execution completed in the period 24 June 2024 - 20 August 2024).
(2) Treasury shares (possibly held) and N° 9,675,640 ordinary shares used for the financial instruments known as 'CASHES', issued at the time of the February 2009 capital increase, are not included.
Archive
| Year | N° of shares eligible for dividend payment | Gross Dividend per ordinary share | EPS(1) |
|---|---|---|---|
| 2022 | 1,898,914,539 (2) | 0.99€ | 2.50€ |
| The Shareholders' Meeting resolved to distribute to shareholders Euro 0.99 gross dividend per ordinary share, which has been paid out on April 26, 2023, the ex-dividend date being on April 24, 2022 (detachment coupon n° 7), through the Intermediaries being part of part of the Monte Titoli centralized management system. The ordinary capital distribution includes, in addition to the cash dividend component, 3.3bn of share buyback (execution completed in the period from 03 April 2023 to 29 September 2023). | |||
| 2021 | 2,174,728,971 (2) | 0.54€ | 1.58€ |
| The Shareholders' Meeting resolved to distribute to shareholders Euro 0.54 gross dividend per ordinary share, which has been paid out on April 21, 2022, the ex-dividend date being on April 19, 2022 (detachment coupon n ° 6), through the Intermediaries being part of part of the Monte Titoli centralized management system. The ordinary capital distribution includes, in addition to the cash dividend component, 2.6bn of share buyback (execution completed in the period from 10 May 2022 to 30 November 2022). | |||
(1) EPS based on total number of dividend earning shares.
(2) Treasury shares (possibly held) and N° 9,675,640 ordinary shares used for the financial instruments known as 'CASHES', issued at the time of the February 2009 capital increase, are not included.
| Year | N° of shares eligible for dividend payment | Gross Dividend per ordinary share | Gross Dividend per savings share | EPS (1) |
|
|---|---|---|---|---|---|
| 2020 | 2,233,870,008 (2) | 0.12€ | - | 0.51€ | |
| The Shareholders' Meeting resolved to distribute to shareholders Euro 0.12 gross dividend per ordinary share, which has been paid out on April 21, 2021, the ex-dividend date being on April 19, 2021 (detachment coupon n° 5), through the Intermediaries being part of part of the Monte Titoli centralized management system. The ordinary capital distribution includes, in addition to the cash dividend component, 179m of share buyback (execution completed in the period from 11 May 2021 to 23 June 2021). | |||||
| 2018 | 2,223,696,442 (2) | 0.27€ | - | 1.71€ | |
| The Shareholders' Meeting resolved to distribute to shareholders Euro 0.27 gross dividend per ordinary share, which has been paid out on April 25, 2019, the ex-dividend date being on April 23, 2019 (detachment coupon n° 4), through the Intermediaries being part of part of the Monte Titoli centralized management system. | |||||
| 2017 | 2,220,496,265 (2) | 0.32€ | - | 2.79€ | |
| The Shareholders' Meeting resolved to distribute to shareholders Euro 0.32 gross dividend per ordinary share, which has been paid out on April 25, 2018, the ex-dividend date being on April 23, 2018 (detachment coupon n° 3), through the Intermediaries being part of part of the Monte Titoli centralized management system. | |||||
| 2015 | 5,884,848,142 (3) | 0.12€ | 0.12€ | 0.27€ | |
| The Shareholders' Meeting approved the distribution to shareholders of Euro 0.12 gross dividend per share (savings and ordinary). The payment of the dividend has been implemented in the form of a scrip dividend, which allows the payment of the dividend either with shares or with cash at the choice of the shareholders. The ex-dividend date was April 18, 2016 while the payment date - both via shares or via cash - was May 3, 2016. | |||||
| 2014 | 5,785,288,390 (3) | 0.12€ | 0.12€ | 0.34€ | |
| The Shareholders' Meeting approved the distribution to shareholders of Euro 0.12 gross dividend per share (savings and ordinary). The payment of the dividend has been implemented in the form of a scrip dividend, which allows the payment of the dividend either with shares or with cash at the choice of the shareholders. The ex-dividend date was May 18, 2015 while the payment date - both via shares or via cash - was June 5, 2015. | |||||
| 2013 | 5,703,327,951 (3) | 0.10€ | 0.10€ | n.m. | |
| The Shareholders' Meeting approved the distribution to shareholders of Euro 0.10 gross dividend per share (savings and ordinary). The payment of the dividend has been implemented in the form of a scrip dividend, which allows the payment of the dividend either with shares or with cash at the choice of the shareholders. The ex-dividend date was May 19, 2014 while the payment date - both via shares or via cash - was June 6, 2014. | |||||
| 2012 | 5,692,405,713 (3) |
0.09€ |
0.09€ |
0.15€ | |
| The Shareholders' Meeting resolved to distribute to shareholders Euro 0.09 gross dividend per ordinary share and per savings share, which will be paid out on May 23, 2013, the ex-dividend date being on May 20, 2013 (detachment coupon n° 2), through the Intermediaries being part of part of the Monte Titoli centralized management system. | |||||
| 2011 | - |
- | - | - | |
| The Annual General Meeting, held on May 11th 2012, approved the Board of Directors' proposal - concerning the adopted measures on capital position strengthening previously disclosed to the market - not to distribute in 2012 any dividend on 2011 Results neither for ordinary nor for savings shares. | |||||
| 2010 | 18,330,450,632 | 0.03 € | 0.045 € | 0.06 € | |
| UniCredit's shareholders passed a resolution approving the distribution of a dividend per share of € 0.03 per ordinary share and of € 0.045 per savings share which will be available for payment on May 26 2011, with the share going ex-dividend (detachment coupon n° 32) on May 23 2011. | |||||
| 2009 | 18,329,541,862 | 0.03 € | 0.045 € | 0.10 € | |
| UniCredit's shareholders passed a resolution approving distribution of a unitary dividend of € 0.03 per ordinary share and of € 0.045 per savings share. The dividend, as approved by the Shareholders' Meeting, will be available for payment on May 27th 2010, with the share going ex-dividend on May 24th 2010. | |||||
| 2008 | 21,706,552 (saving shares) |
- | 0.025 € | - | |
| The Extraordinary Shareholders' Meeting approved the assignment of profits to the Shareholders, which will be realized by assigning to shareholders newly issued UniCredit shares ("scrip dividend") deriving from a free capital increase for a total nominal amount of Euro 1,218,815,136.50. In particular an allocation of 29 new ordinary shares for every 159 already owned ordinary shares and 7 new saving shares for every 60 already owned saving shares is envisaged. Please note that the goal of release of dividend per share to the Shareholders can take place in cash or in alternative ways. |
|||||
(1) EPS based on total number of dividend earning shares.
(2) No. 4,760 treasury shares and no. 9,675,640 ordinary shares used for the financial instruments known as 'CASHES', issued at the time of the February 2009 capital increase, are not included.
(3) No. 47,600 treasury shares and no. 96,756,406 ordinary shares used for the financial instruments known as 'CASHES', issued at the time of the February 2009 capital increase, are not included.
| Year | N° of shares eligible for dividend payment | Gross Dividend per ordinary share | Gross Dividend per savings share | EPS(1) |
|---|---|---|---|---|
| 2007 | 13,365,253,495 | 0.260 € | 0.275 € | 0.54 € |
| 2006 | 10,357,930,193 | 0.240 € | 0.255 € | 0.53 € |
| 2005 | 10,390,554,706 | 0.22 € | 0.235 € | 0.37 € |
| 2004 | 6,336,709,283 | 0.205 € | 0.220 € | 0.34 € |
| 2003 | 6,316,336,152 | 0.171 € | 0.186 € | 0.31 € |
| 2002 | 6,296,140,220 | 0.158 € | 0.173 € | 0.29 € |
| 2001 | 5,046,430,118 | 0.141 € | 0.156 € | 0.28 € |
| 2000 | 5,024,205,806 | 250 L | 265 L | 538 L |
| 1999 | 4,976,171,858 | 115 L | 130 L | 390 L |
| 1998 | 2,879,911,387 | 250 L | 265 L | 500 L |
| 1997 | 2,879,911,387 | 80 L | 95 L | 365 L |
| 1996 | 2,242,701,004 | 60 L | 75 L | 126 L |
| 1995 | 2,241,711,775 | 35 L | 50 L | 88 L |
| 1994 | 2,240,000,000 | 35 L | 50 L | 29 L |