ENI Says Shareholder Remuneration Is Further Enhanced. Target Payout In Dividend And Buyback Is Raised 30%-35% Of CFFO From 25%-30%
Portfolio Pulse from Benzinga Newsdesk
ENI has announced an increase in shareholder remuneration, raising the target payout in dividends and buybacks to 30%-35% of CFFO, up from the previous 25%-30%.
March 14, 2024 | 1:13 pm
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ENI has increased its target payout in dividends and buybacks to 30%-35% of CFFO, indicating a stronger commitment to returning value to shareholders.
Increasing the payout ratio in dividends and buybacks typically signals a company's confidence in its financial health and future cash flows. For ENI, raising the target payout range to 30%-35% of CFFO from 25%-30% demonstrates a stronger commitment to shareholder returns, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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