Terna Dividend yield




   EUR/share 
 Price  6.71
 Dividend  0.29
 Earnings  0.43
 Cash-flow  0.41
 Book value  2.31
 Equity  2.28

Terna is part of Electricity business, which is part of Utilities industry. Terna is a company from Italy, and his stocks are publicly traded.

Terna paid a total dividend of 582 million EUR last year, for a market value of 13,467 millions (Market Cap 9,441 millions). Dividend per share of Terna is 0.29 EUR, and his stock market price 6.71 EUR.

According to the chart below, where dividend yield is displayed, Terna has a dividend yield of 4.34%, which is similar to the amount offered by both the market average and companies from Italy. However, it is lower than the average of Utilities industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Terna dividend yield with other Electricity companies or firms from Italy.

Dividend yield of Terna

Terna Dividend Payout

About the ability of Terna to maintain his current dividend of EUR 0.29 per share, an amount that accounts for 4.34%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Terna payout on ernings is currently 67.44%, which is higher than the market average, and companies of Utilities industry, which are 41.59% and 54.52% respectively. Both figures show that Terna can have problems to keep with his present dividend yield.

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 Terna is EUR 0.41 per share, which is higher than the dividend per share paid by the company of EUR 0.29, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Terna, compared againt world market average, Italy companies, Utilities industry and Electricity sector companies.

Terna payout

Terna Dividend History

Year Yield  EUR  Paypout  Shares* 
Present4.34%0.2967.44%2,007
20213.89%0.2866.67%2,009
20204.10%0.2663.41%2,010
20194.01%0.2463.16%2,010
20184.53%0.2259.46%2,010
20174.30%0.2161.76%2,010
20164.94%0.2064.52%2,010
20154.29%0.2066.67%2,010

*In millions

Terna Stock performance

Finally, last moth Terna showed a return of 7.30% compared to a worldwide 3.75% average, and a 2.34% of Utilities firms. Over the last year, the company obtained a 4.10% versus a worldwide performance of a -9.52%. More detailed information can be seen in the following graph for Italy and Electricity firms.

Terna stock and market return