Summer doesn't stop the season of dividends. Business Square A new meeting is coming for shareholders: Monday 20 July 2026 seven listed companies they will detach the coupon relating to the results of the 2025 financial year. Leading the group of securities involved is Enel, the only Ftse Mib company present in this round of dividends. The spotlight is also on Mfe-MediaForEurope e Pirelli, while some companies listed on the segments complete the calendar Euronext Milan ed Euronext Growth Milan.
What makes the difference, as always when talking about dividends, is the calendarTo be entitled to the coupon it was necessary own shares by Friday, July 17, last trading session before the detachment. From Monday, July 20, the shares will be traded "ex dividend”: whoever buys the shares from that date will not receive the remuneration, while whoever sells the stock on the ex-dividend date will still retain the right to the coupon, which will be paid Wednesday, July 22As is standard practice, the stock price will theoretically adjust for the amount of the dividend distributed, although the market may subsequently follow different dynamics based on investor expectations and general stock market conditions.
Which companies will pay dividends on July 20?
Among the big names on Piazza Affari, the following stands out: Enel, which will distribute the balance of the dividend relating to the 2025 financial year equal to 0,26 euros per share, after the down payment already paid in January of 0,23 euros. The total remuneration for the financial year thus reaches 0,49 euros per share: a dividend that increases compared to last year, confirming the company's ability to create value and strengthen investor remunerationThe coupon will be paid from July 22nd. Making a retrospective analysis starting from 2023, the date of the installation of theCEO Flavio Cattaneo, the dividend recorded a constant increase from 0,40 euros per share for the 2022 financial year to the current 0,49 euros per share, an increase of over 20%, demonstrating the sustainable growth and value creation strategy pursued by the group.
The growth of the coupon represents a further element of strength for Enel, which continues to be one of the most followed stocks on Piazza AffariThe company enters this market meeting in a positive phase, with the stock trading around 10 euros per share. This is also a significant appreciation compared to the approximately 6 euros per share at which the stock was trading in May 2023, the start of Cattaneo's term as CEO. This result is also confirmed by Enel's market capitalization, which, according to CoMar's analysis, places it as the company of the Ministry of Economy and Finance with the highest value on the stock exchange. Furthermore, supporting future prospects is the 2026 Industrial Plan, which aims to strengthen investments in networks, renewable energy, and energy infrastructure, with the goal of increasing efficiency, competitiveness, and profitability.
In fact, in the strategic plan presented last February, Enel has indicated the prospect of a further increase in shareholder remuneration, with a dividend per share estimated to grow at an average annual rate of 6% approximately in the three-year period 2026-2028. The coupon increase is therefore part of a much broader process.
| Society | Dividend | Reference price | Performance gross |
| Enel | 0,26 euros (balance)/0,49% (total 2026) | 10,17 € | 2,56%/4,82% |
(Gross yields are calculated on the closing prices of July 17, 2026, the last trading day before the ex-dividend date).
In the Mid Cap segment they will be mainly Mfe-MediaForEurope e Pirelli to attract investors' attention. The media company will distribute an ordinary coupon of 0,22 euros per share for both the shares of category A both for those of B categoryThe yield differs depending on the market price of the two stocks. In the case of Pirelli, the distribution includes an ordinary component of 0,24 euros per share and an extraordinary component of 0,10 euros.
| Society | Dividend | Reference price | Gross return |
| Mfe-MediaForEurope A | 0,22 % | 2,81 € | 7.83 % |
| Mfe-MediaForEurope B | 0,22 % | 3,72 € | 5,91 % |
| Pirelli | 0,34 € | 6,96 € | 4,89 % |
Other dividends arriving on Monday, July 20th
The detachment day will also involve companies listed on other segments of the Italian Stock Exchange. Euronext Milann dividends are expected:
| Society | Dividend | Reference price | Gross return |
| gpi | 0,60 € | 13,94 € | 4,30 % |
| Tuscany Airports | 0,376 € | 19,55 € | 1,92 % |
On the segment Euronext Growth Milan, instead, two companies will be involved:
| Society | Dividend | Reference price | Gross return |
| Dba Group | 0,14 % | 4,23 € | 3,31 % |
| Polygraphic Printing | 0,004 euros (first tranche) / 0,016 euros (total) | 0,48 € | 0,83%/3,33% |
