For the dividend "the 5% increase in absolute value from year to year until 2020 is confirmed", it will be a dividend "not only sustainable but also conservative, by virtue of the fact that the company previously paid 80% of the 'net profit and now the fact that it is fixed brings down” the threshold “from 80% to around 60%: this makes it absolutely more sustainable”. He said it the managing director of Poste Italiane Matteo Del Fante answering questions from shareholders during the shareholders' meeting. The dividend policy communicated to the market in the context of the presentation of strategic plan 2018-2022 provides for a level of the dividend for the 2017 financial year of 0,42 euro per share, with an increase of 5% per year up to the 2020 financial year and a minimum payout of 60% from the 2021 financial year onwards.
Del Fante also reassured shareholders about Poste's core business. “Poste's core business has not changedremains that of providing service to customers, with delivery remaining at the heart of the strategy together with the other segments”. The managing director therefore reassures about the group's mission by answering those who ask him if the company is dedicating itself more to the financial sector and less to the postal sector. “The strategic plan focuses on delivery, with the plan we are putting delivery back at the center of our business, which from now on is also the delivery of parcels. We have set ourselves a challenging goal on the delivery of parcels” specified Del Fante, recalling the objective “of reaching a market share of 40% over the period of the plan”.
Finally, Del Fante also spoke about the political chaos of recent weeks: "There's not much to answer, we've all been suffering a lot in the last few days...". This is how the CEO of Poste, Matteo Del Fante, limited himself to responding to a shareholder who asked about the impact on the company and the stock of the uncertainties of Italian politics and the formation of the government after the vote on 4 March.
