It’s again D-day for Piazza Affari, where today numerous companies are now detaching the dividend coupon, in many cases even anticipating the 2025 distribution. In all there are 17 companies that list ex-couponof which about ten are part of the main FTSE MIB basket. For all, payment is set for Wednesday 20 November 2024.
The impact on the index
The impact of the coupon detachment, which is directly deducted from the value of the security, is not of little importance, because it is equal to 1.22% on the main FTSE MIB index. Following this effect, today the leading stock index lost 1.52%, showing a worse performance than the other European indices.
The Blue-Chips struggling with the break
There are ten FTSE MIB companies that are paying dividends today. These are largely interim dividends for 2025.
Among the Blue-Chips struggling with the deadlift are:
- Mediolanum Bank of 0.37 euros
- Bpm bench of 0.4 euros,
- ENI of 0.25 euros
- Intesa Sanpaolo of 0.17 euros
- Mediobanca of 0.56 euros
- Italian Post Office of 0.33 euros
- Record yourself of 0.6 euros
- Tenaris of 0.27 US dollars
- Terna of 0.1192 euros
- Unicredit of 0.9261 euros
Among the other minor companies that pay coupons, the following should also be noted:
- Ifis Bank (1.2 euros)
- Equita Group (0.15 euros)
- Immsi Coche holding controls Piaggio (0.01 euro)
- Mondadori (0.06 euros)
- ABP Nocivelli (0.06 euros)
- Danieli & C ordinary (0.31 euros)
- Danieli & C Savings (0.3307 euros)
Stock market performance
If the weight of the gap is felt on the main index and on the mid-Cap index (FTSE Mid-Cap), the performance on the stock market of the relative ex-dat titlesand, which does not consider the coupon reduction, automatically adjusting the previous one by the amount of the dividend, appears overall good.
In particular, they put on in light in the main basket the banks, including the BPM desk with a gain of 2.20%, e Tenarisa company that produces seamless pipes for underwater pipelines, which rose 0.75%. Among the companies struggling with the separation only Recordati suffers -0.89%).
Among the Mid-Caps under pressure Mondadori (-1.61%), Banca Ifis (-1.32%), D’Amico (-1.18%) and Danieli & C. (-0.42%).
The meaning of the coupon detachment
The coupons represent the proceeds of the shares and bonds and, in the case of shares, represent the share of the profits that the directors decide to distribute to the shareholders, subject to the approval of the meeting. They can be ordinary (profit distributed) or overtime (distribution of income, reserves, etc.).
Coupons may be detached on a single occasion (single annual coupon), or in different tranches. For companies, the ex-dividend is usually annual, but recently, especially among larger companies, ex-dividends in the autumn of a year have become widespread. interim dividend relating to the current financial year, to then provide the balance the following spring.
