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Eni Declares Final 2023 Dividend

By Adria Calatayud

 

Eni's board approved a final dividend for 2023 of 23 European cents ($0.25) a share, in line with what it paid for the first three quarters.

The Italian energy major confirmed late Thursday that it plans a share buyback of EUR1.1 billion this year. The company intends to repurchase a maximum of 328 million of its own shares, of which up to 321.6 million would be to return cash to shareholders and up to 6.4 million to implement an employee stock-ownership plan.

Eni said the buyback might be expanded to up to EUR3.5 billion in case cash flows from operations exceed its forecasts.

The company separately said its board approved a possible issue of one or more bonds with a total maximum value of EUR5 billion by March 31, 2026.

 

Write to Adria Calatayud at adria.calatayud@wsj.com

 

(END) Dow Jones Newswires

April 05, 2024 01:27 ET (05:27 GMT)

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