(Finance) – “The dividend policy is to distribute 25% of the net profit, which is the minimum. So it is not a cap, but a floor. There are opportunities to increase itbut first we must be sure you have robust cash generation. We will have to see during the plan, but there is the will to make shareholders happy and we want to do that. He stated it Anna Tanganelli, CFO Of Iveco Groupduring the press conference to present the new strategic plan, on the occasion of today’s Capital Markets Day in Turin.
“We are a company that is growing – added CEO Gerrit Marx – We will pay a dividend, but we are a group in transformation, so we are not a dividend stock and we don’t aspire to be. There is so much optionality and I think the value for a shareholder is there.”
Iveco, Tanganelli: opportunity to increase dividend, but robust cash generation is needed
