(Finance) – The board of directors of Motorways for Italy (ASPI) decided to maintain one dividend distribution policy for the year 2023 in line with that already adopted last year, setting a ceiling for the pay-out of the profits accrued from the core management of the Autostrade per l’Italia concessionaire equal to 75%.
“The commitment to maintain a balanced financial structure consistent with the commitments undertaken in terms of investments is therefore confirmed, confirming the commitment to continue implementing the important plan to modernize and strengthen the network”, we read in a note .
It was also decided that i dividends will be paid in two tranches of which one in advance on the dividends for the 2023 financial year equal to 0.698 euros per share for a total of approximately 434.2 million euros. The remaining balance will be proposed by the Board of Directors to the assembly together with the approval of the budget.
L’advance payment on the 2023 dividends will be paid with value date 14 December 2023 while the balance is expected in April 2024 following the approval of the 2023 financial statements by the assembly.