Italgas Dividend yield

Italgas is part of Gas Water and Multiutilities business, which is part of Utilities industry. Italgas is a company from Italy, and his stocks are publicly traded.

Italgas stock dividend

Italgas paid a total dividend of 260 million EUR last year, for a market value of 4,258 millions (Market Cap 2,573 millions). Italgas dividend per share is 0.32 EUR, and his stock market price 5.25 EUR.

According to the chart below, where dividend yield is displayed, Italgas has a dividend yield of 6.04%, which is higher than the amount offered by both the market average and companies from Italy. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Italgas stocks dividend with other Gas Water and Multiutilities companies or other of the best Italy dividend stocks list.

Italgas Dividend Payout

About the ability of Italgas to maintain his current dividend of EUR 0.32 per share, an amount that accounts for 6.04%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Italgas payout on ernings is currently 30.48%, which is lower than the market average and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures lead us to believe that there is confidence that Italgascan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Italgas is EUR 0.67 per share, which is higher than the dividend per share paid by the company of EUR 0.32, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Italgas, compared againt world market average, Italy companies, Utilities industry and Gas Water and Multiutilities sector companies.

Italgas Dividend History

Below you will find a table with the historical evolution of Italgas's dividend stock, both in percentage and in EUR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	EUR	Paypout	Shares*
Present	6.04%	0.32	30.48%	811
2022	5.68%	0.29	30.85%	810
2021	4.58%	0.28	28.57%	809
2020	4.92%	0.26	26.53%	809
2019	4.30%	0.23	27.06%	809
2018	4.16%	0.21	26.92%	809
2017	3.93%	0.20	0.00%	809
2016	0.00%	0.00	0.00%	809

*In millions

Italgas Stock performance

Finally, last moth Italgas showed a return of -2.10% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a 2.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Italy and Gas Water and Multiutilities firms.