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
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Average price euro per share 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 1.00 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 1.90 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
Average market capitalisation million of euro 4,143 5,011 4,763 4,455 3,685 3,405 2,639 1,990 1,574 3,058 3,773 4,027
Download Excel spreadsheet (data as of 2005)
 
Share capital development
Year Number
of shares		 Nominal
value (€)		 Total
amount (€)		 Treasury
shares		 % of share
capital
H1 2021 3,132,905,277 0.52 1,629,110,744 86,154,895 2.75%
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

Download Excel spreadsheet (data as of 2005)
 
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 

Quotation

Dividends

With reference to year 2020, the Board of Directors proposed that Shareholders' Meeting approves the distribution of an ordinary dividend of 0.080 euros for each ordinary share in circulation (corresponding to paid dividends of approximately 249 million euros), up 3.2% compared to the previous year, entirely taken from 2020 A2A S.p.A. net income.

 

Dividend policy

The 2021- 2030 Strategic Plan confirms a dividend policy based on sustainable growth (DPS at around 8.2 euro cents in 2021, with minimum growth in the following years equal to 3% 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 No. of shares
31/12 (million)		 Dividend per
share (EUR)		 Dividend paid
(milion of euros)		 Ex date Payment date Dividend
Yield (%)*		 Pay-out (%)**
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)

Download Excel spreadsheet

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
Stifel E. Bartoli
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
  • FTSE4Good Index
  • ECPI Low Carbon Italy Equity
  • Ethibel Sustainability Index Excellence Europe
  • EURO STOXX Sustainability Index
  • Euronext Vigeo Index: Eurozone 120
  • Standard Ethics Italian Index

 

Source: Bloomberg and Company information

In 2020 A2A obtained the following ESG ratings:

  • A 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

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 2020)