The meeting of the shareholders of Enel, one of the main Italian energy companies and former state monopolist, still 23.6% owned by the Ministry of Economy and Finance, was held yesterday, May 12th. The meeting decided on a coupon of 0.49 euros per share, an increase of 4% compared to last year.
The company has also decided to start a buyback operation, therefore the purchase of its own shares, planning to spend around 1.5 billion euros. The shareholders’ meeting also approved the appointment of the board of directors, while Flavio Cattaneo will be reconfirmed in the role of managing director.
Enel’s coupon is 0.49 euros per share
Enel will distribute a dividend of 0.49 euros per share to its shareholders. This is an increase of 4% compared to the coupon paid in 2024, which was 0.47 euros per share. The coupon payment will take place on July 20, 2026, and will be 26 euro cents per share, given that the company has already paid a dividend of 0.23 euros in January 2026.
The coupon arrived after the approval of the financial statements by the shareholders’ meeting. Enel closed 2025 with a statutory net profit of 3.07 billion euros, an increase compared to the 2.6 billion euros recorded the previous year.
Enel’s buyback
Enel also announced an important buyback operation, the purchase of its own shares. The company will buy 200 thousand shares on the market, for a total expenditure expected to be around 1.5 billion euros. Following the purchase, which is expected to last for the next 18 months, the shares will be cancelled.
This is an operation that serves to increase the value of the shares that remain on the market. It is, in fact, an additional way to remunerate shareholders, in addition to the dividend, as the press release released by the company following the shareholders’ meeting also explains:
The buyback is aimed at granting shareholders an additional remuneration compared to the distribution of dividends and at operating on the market with a medium and long-term investment perspective. The purchase of own shares was authorized for eighteen months starting from today’s meeting resolution.
The new board of directors
The shareholders’ meeting also appointed the new board of directors, which will remain in office until 2028. The Ministry of Economy and Finance has indicated six members, including:
- Paolo Scaroni, the president of the Board of Directors;
- Johanna Arbib;
- Flavio Cattaneo;
- Tiziana De Luca;
- Alessandro Monteduro;
- Federica Seganti.
The other members of the board of directors, who have been indicated by the other shareholders of the company, will be:
- Dario Frigerio;
- Mario Corsi;
- Alessandra Stabilini.
The composition of the board of directors is the result of the support obtained from the list presented by the Mef, which obtained the support of shareholders who hold 53.3% of the company’s shares. This should ensure the appointment of Flavio Cattaneo as CEO.
