Mediaset, bpm but also Piaggio e First Industries. The 2014 financial year archives some significant returns in the world of share coupons, both in the case of the blue chips of the Ftse Mib but also and above all of the minor securities of the All Share index. Of course, there are still a greater number of stocks that confirm prudence and that have chosen not to distribute profits again this year. On the Ftse Mib this is the case of Autogrill and Telecom Italia (which pays it to savings), for example, on the All Share of Geox and RCS.
The stress tests and the asset quality review of the ECB have been archived, they can afford to give a signal to the shareholders bpm , Bper. After three years of abstinence, the Bpm has returned to distributing profits with a coupon of 2,2 cents after the 2014 net profit closed with a leap to 232,3 million from 29,6 in 2013. The Bper, whose last scrip dividend dates back to 2011, proposed a remuneration for shareholders of 2 cents per share to confirm, in the words of CEO Alessandro Vandelli, "the start of a new phase which, thanks also to the actions in the recently approved 2015-2017 business plan, has as its priority objective the achievement of a positive and growing profitability that allows, over time, a correct remuneration of capital and an adequate dividend policy”.
In parallel, the two major Italian banks, Understanding e Unicredit, raised their dividends, respectively to 0,07 from 0,05 euro and 0,12 (scrip) from 0,1. In short, the sector is trying to usher in a new phase after the turbulence of the past years and is trying to support shareholder confidence by focusing on dividends, despite the fact that the lighthouse of the authorities is still lit on the distribution of profits. In January, the ECB recommended prudence to the main 130 European banks, an invitation recently taken up again by the Bank of Italy with reference above all to the smaller banks (with assets of less than 30 billion euro), to which via Nazionale asked for prudence in the distribution of dividends which must in no way affect reserves.
But giving a signal on the dividend is an important factor right now, especially now, in an environment of low interest rates where it is difficult to find a good return on one's capital on the bond front, where stock dividends become a key factor in the performance and stability of investors' portfolios.
In the Ftse MIb the coupon also reappears in Cologno Monzese where advertisers also seem to have reappeared. "In Italy - says the Biscione - the dynamics of the advertising market at the beginning of 2015 confirms the progressive improvement compared to the previous quarters". On the back of a desirable recovery in advertising and significantly improved profits over 2013, Mediaset he can thus afford to detach a coupon of 2 cents per share after two years in which he had to leave the shareholders empty-handed. Mediaset closed 2014 with a profit of 23,7 million euros, up on the 8,9 million of 2013. A total of dividends of 22,7 million euros will go to the shareholders.
The cases of return to the dividend are more numerous if one broadens one's gaze to the All Share index, where we still find important groups of Italian industry. Starting from Piaggio, which in fact returned to profit in 2014, archiving profits of 16,1 million euros against a loss of 6,5 million in 2013. The vespa group thus beat analysts' expectations and was able to propose a dividend of 7,2 .2013 cents per share. The last coupon paid dates back to 2012 (0,092 financial year) at €2,46. To reward the shareholders, the Board also decided to renew the authorization to purchase treasury shares (the so-called buyback) and to propose the cancellation of 0,678 million treasury shares in portfolio (XNUMX% of the share capital). A financial move that increases the earnings per share and therefore the value of the shares.
Prima Industrie should not be forgotten, a pocket-sized multinational for the production and marketing of laser systems for industrial applications and sheet metal working machines, as well as industrial electronics and laser sources. The company, which in 2014 saw its profit increase by 74,1%, returned to remunerating shareholders with a coupon of 0,2 euro per share.
Dividends also for the Cerved freshman and the former Moleskine freshman. The notebook company, which landed on the Stock Exchange in 2013, decided to pay a coupon of 0,033 euro after it had resolved in 2014 to allocate the profit for the year to the legal reserve and to retained earnings, in consideration of the investments in course to support the growth plan. Cerved will distribute €0,205 per share. At the time of listing in 2014, Cerved, information provider and rating agency, had specified future dividends would depend on the cash flow generated by operating activities and any extraordinary transactions, even though management has not formally adopted a dividend policy.
