Shares

Stock information

The A2A share (ISIN Code: IT0001233417) is traded on the Italian stock market 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
Key figures	Unit of measurement	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Average price	euro per share	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	1.39	1.23	0.96	0.79	0.70	0.39	0.29	0.69	0.99	0.94
Highest price	euro per share	1.69	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
Average market capitalisation	million of euro	4.763	4.455	3,685	3,405	2,639	1,990	1,574	3,058	3,773	4,027

Share capital development

Company	Year	Number of shares	Nominal value (€)	Total amount (€)	Treasury shares	% of share capital
A2A	2016 - 2018	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%
AEM	2007	1,800,047,400	0.52	936,024,648	30,434,850	1.69%
	2006	1,800,047,400	0.52	936,024,648	16,159,850	0.90%
	2005	1,800,047,400	0.52	936,024,648	14,841,850	0.82%

Data until 2007 refer to AEM shares.
No stock splits have occurred

Main changes in treasury shares

May 2007-March 2008: +31 Million, authorized buyback
January 2009: -20.5 Million, part of the purchase price for ASPEM acquisition
February and March 2016: +35.0 Million, authorized buyback for strategic projects
August 2016: -38.2 Million shares, part of the purchase price for LGH acquisition

Dividends

With reference to year 2018, the Shareholders' Meeting approved the distribution of an ordinary dividend of 0.070 euros for each ordinary share in circulation (corresponding to paid dividends of approximately 218 million euros), up 21% compared to the previous year, entirely taken from 2018 A2A S.p.A. net income.

Dividend policy

The 2018 - 2022 Strategic Plan confirms a dividend policy based on sustainable growth (DPS at around 7.75 euro cents in 2019, 8.0 in 2020, with minimum growth in the following years equal to 5% per annum).

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	N^o. of shares 31/12 (million)	Dividend per share (EUR)	Dividend paid (milion of euros)	Ex date	Payment date	Dividend Yield (%)*	Pay-out (%)**
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
2010	3,106,0	0.036	298	21 November 2011	24 November 2011	8.0	122.7
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)

AEM archivie

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 archivie

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

Financial companies that follow A2A

Companies	Financial Analysts
Banca Akros	E. Oggioni
Citigroup	A. Bianchessi
Equita	S. Gamberini
Fidentiis Equities	D. Michi
Goldman Sachs	A. Gandolfi - M. Rodolfo
Hammer Partners	Coverage in transition
Intermonte Securities	P. Citi
Kepler Cheuvreux	C. Introvigne
Main First Bank	E. Bartoli
Mediobanca	J. Suarez

Some research are available on Borsa Italiana's web site

Indices

A2A forms part of the following indices

FTSE MIB
STOXX Europe
EURO STOXX
MSCI Europe Small Cap
WisdomTree International
S&P Global Mid Small Cap

Ethical Indices

FTSE4Good Index
ECPI Indices
Ethibel Sustainability Index Excellence Europe
EURO STOXX Sustainability Index
Euronext Vigeo Index: Eurozone 120
Standard Ethics Italian Index

^{Source: Bloomberg and Company information}

Moreover, A2A has been included in the Ethibel Excellence Investment Register and in the Ethibel Pioneer Investment Register.

For further details, please visit the page Indices and Ethics Rating in the Sustainability section

(update at 31 December 2018)