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Shares

Stock information

The A2A share (ISIN Code: IT0001233417) is traded on Euronext Milan (“EXM*”) run by Borsa Italiana; it is part of the FTSE-MIB segment and comes under "utilities-electricity".

In this section are reported the key financial data relating to A2A share, as follows:

 

Stock market data
Key figures Unit of measurement Value
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Average price euro per share 1.68 1.32 1.60 1.52 1.42 1.18 1.09 0.84 0.64 0.50 0.98 1.20 1.29
Lowest price euro per share 1.31 1.00 1.43 1.39 1.23 0.96 0.79 0.70 0.39 0.29 0.69 0.99 0.94
Highest price euro per share 1.95 1.90 1.81 1.69 1.64 1.29 1.35 1.03 0.91 0.79 1.18 1.47 1.49
Number of shares million 3,133 3,133 3,133 3,133 3,133 3,133 3,133 3,133 3,133 3,133 3,133 3,133 3,133
Average market capitalisation million of euro 5,259 4,143 5,011 4,763 4,455 3,685 3,405 2,639 1,990 1,574 3,058 3,773 4,027
 
Share capital development
Year Number
of shares
Nominal
value (€)
Total
amount (€)
Treasury
shares
% of share
capital
2021 3,132,905,277 0.52 1,629,110,744 0 0.00%
2016 - 2020 3,132,905,277 0,52 1,629,110,744 23,721,421 0.76%
2009 - 2015 3,132,905,277 0.52 1,629,110,744 26,917,609 0.86%
2008 3,132,905,277 0.52 1,629,110,744 47,434,850 1.51%

From 2008 to 2021 (current date) neither changes in share capital nor stock splits have occurred

 
Main changes in treasury shares
  • May and June 2021: +62.4 Million shares – Merger by incorporation of LGH into A2A
  • May 2007-March 2008: +31 Million shares, authorized buyback
  • January 2009: -20.5 Million shares, part of the purchase price for ASPEM acquisition 
  • February and March 2016: +35.0 Million shares, authorized buyback for strategic projects
  • August 2016: -38.2 Million shares, part of the purchase price for LGH acquisition 
  • December 2021: -86.2 Million shares – Merger by incorporation of LGH into A2A

Dividends

With reference to year 2021, the Board of Directors proposed that Shareholders' Meeting approves the distribution of a dividend equal to 0.0904 euro per share (corresponding to approximately € 283 million of total dividends), including a non-recurring component equal to 0.0080 euro per share (25 million euro).

Entirely taken from 2021 A2A S.p.A. net income.

 

Dividend policy

The Strategic Plan 2021-2030 Update, despite the increase in investments, confirms the targets of dividend distribution to shareholders:

  • At least 8.5 euro cents per share on the profit for 2022
  • At least 8.7 euro cents per share on the profit for 2023

For the following years, a minimum growth of 3% per year is expected.

 

Dividend Taxation

Dividends no longer attract any tax credit and, depending on who the recipient is, they may be subject to withholding tax at source or, in part, contribute towards taxable income.

Year No. of shares
31/12 (million)
Dividend per
share (EUR)
Dividend paid
(milion of euros)
Ex date Payment date Dividend
Yield (%)*
Pay-out (%)**
2021*** 3,132.9 0.0824 258 23 May 2022 25 May 2022 5.4 70.8
0.0080 25
2020 3,109.2 0.080 249 24 May 2021 26 May 2021 6.0 74.3
2019 3,109.2 0.0775 241 18 May 2020 20 May 2020 4.8 63.8
2018 3,109.2 0.070 218 20 May 2019 22 May 2019 4.6 49.8
2017 3,109.2 0.0578 180 21 May 2018 23 May 2018 4.1 43.5
2016 3,109.2 0.049 153 22 May 2017 24 May 2017 4.2 40.6
2015 3,106.0 0.041 126 20 June 2016 22 June 2016 3.8 45.3
2014 3,106,0 0.0363 113 22 June 2015 24 June 2015 4.3 64.4
2013 3,106,0 0.033 102 23 June 2014 26 June 2014 5.2 65.7
2012 3,106,0 0.026 81 24 June 2013 27 June 2013 5.2 69.6
2011 3,106,0 0.013 40 18 June 2012 21 June 2012 1.3 24.5
2010 3,106,0 0.060 298 20 June 2011 23 June 2011 8.0 122.7
0.036 21 November 2011 24 November 2011
2009 3,106,0 0.070 217 21 June 2010 24 June 2010 5.4 67.1
2008 3,106,0 0.097 301 22 June 2009 25 June 2009 4.5 95.3
2007 3,085,5 0.097 299 23 June 2008 26 June 2008 3.6 57.4

* Dividend Yield calculated on annual average share price
** Pay-out calculated on ordinary income (net of non-recurrent items)
*** Dividend Proposal

Note: on 4 January 2008 an extraordinary dividend ,merger-related and equal to 0.11 euro per ASM share, was paid to ASM shareholders (ex-dividend date on 28 December 2007).

 

Dividends issued by both AEM and ASM are shown here

AEM's dividends

 

Earnings and dividend per share AEM
Year No. of shares
at 31/12 (million)
Dividend per
share*(euro)
Ex date Payment date EPS
(EUR)
Pay-out
2006 1.783,9 0,070 18 June 2007 21 June 2007 0,168 41,3%
2005 1,785,2 0,060 19 June 2006 22 June 2006 0,134 44,3%
2004 1.785,2 0,053 20 June 2005 23 June 2005 0,117 55,0%
2003 1,782,1 0,050 21 June 2004 24 June 2004 0,165 30,0%
2002 1.800,0 0,042 23 June 2003 26 June 2003 0,063 67,1%

* Excluding own shares

 

Download Excel spreadsheet

 

Dividends distributed per share AEM

 

ASM's dividends

 

Earnings and dividend per share ASM
Anno N° azioni
al 31/12 (milioni)
Dividendo per azione*
(euro)
Data di stacco Data di pagamento EPS
(euro)
Pay-out
2007(*) 774.3 0.110 28 December 2007 4 January 2008 0.291 37.85%
2006 774.3 0.155 28 May 2007 31 May 2007 0.308 50.37%
2005  774.3 0.130(**) 2 May 2006 5 May 2006 0.274 47.40%
2004 735.6 0.100 23 May 2005 26 May 2005 0.153 65.22%
2003 735.6 0.088 31 May 2004 3 June 2004 0.131 66.85%
2002 732.6 0.060 19 May 2003 22 May 2003 0.086 70.07%

(*) Extraordinary dividend related to the merger AEM-ASM. Ratios based on ASM 2007 net income

(**) comprising an extraordinary component of EUR 0.25 per share (ex-date: 04/09/2006, payment date: 07/09/2006)

 

Download Excel spreadsheet

 

Dividends distributed per share ASM 

 

Analysts' coverage

Financial companies that follow A2A
Companies Financial Analysts
Banca Akros in transition
Intesa Sanpaolo R. Ranieri – D. Candela
Citigroup A. Bianchessi
Equita S. Gamberini
Intermonte Securities P. Citi
Kepler Cheuvreux E. Oggioni
Mediobanca J.Suarez – S. Piccinini

Some research are available on Borsa Italiana's web site

Indices

A2A forms part of the following indices
  • FTSE MIB
  • STOXX Europe 600
  • STOXX Europe Utilities
  • EURO STOXX
  • EURO STOXX Utilities
  • MSCI Europe Small Cap
  • WisdomTree International
  • S&P Global Mid Small Cap

 

 

Ethical Indices
  • MIB ESG
  • FTSE4Good Index
  • ECPI Europe ESG Equity
  • ECPI Global Clean Energy
  • Ethibel Sustainability Index Excellence Europe
  • EURO STOXX Sustainability Index
  • Euronext Vigeo Index: Eurozone 120
  • Standard Ethics Italian Index
  • Bloomberg Gender Equality Index

 

Source: Bloomberg and Company information

In 2021 A2A obtained the following ESG ratings:

  • BBB on the MSCI ESG questionnaire
  • A- on the CDP climate change questionnaire
  • B- rating in the CDP Water questionnaire
  • A- in the Refinitiv ESG assessment
  • EE rating in the Standard Ethics questionnaire
  • 63/100 on the Vigeo questionnaire
  • 21 (medium ESG risk) on the Sustainalytics questionnaire

Moreover, A2A has been included in the Ethibel Excellence Investment Register, in the Ethibel Pioneer Investment Register and in the CDP Supplier Engagement Leaderboard.

(update at 31 December 2021)