Eni confirms 2024 interim dividend timing, shares in focus ahead of Milan trade

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-24, 07:32.

Eni (IT0003128367) keeps its 2024 shareholder return framework on track. The Milan-listed energy group plans to pay the first 2024 interim dividend in September as part of a total 1.4 billion euro cash payout for the year, according to its latest capital allocation plan update. Eni capital allocation plan

What the payout plan shows

For 2024 Eni targets a cash dividend of 1.4 billion euros, with four interim payments, alongside a buyback program of up to 1.6 billion euros depending on Brent price conditions. Eni shareholder remuneration policy The company states that it intends to keep a base dividend growing over time, funded from organic cash flow at a Brent assumption of 60 dollars per barrel.

According to its remuneration framework, Eni expects to distribute approximately 30 percent to 35 percent of its cash flow from operations to shareholders through dividends and buybacks over the 2024-2027 period. 2024-2027 strategy presentation The group links additional buybacks above the base level to scenarios in which Brent prices stay above its plan assumptions.

Analyst views on the Eni shares

On Borsa Italiana in Milan, Eni is part of the FTSE MIB index and remains widely covered by international brokers. MarketScreener data show a consensus rating in the Buy area, with an average target price around 18 euros per share based on a basket of major research houses. MarketScreener Eni consensus

Barclays, JPMorgan and other banks highlight Eni's combination of upstream cash generation and growing exposure to gas and low-carbon activities when justifying their positive stances. Reuters commentary on European energy stocks Several recent notes point to disciplined capital spending and the flexible buyback component as key elements supporting returns to shareholders.

How Eni earns its money

Eni generates cash primarily from exploration and production of oil and gas, integrated with a large gas and LNG portfolio and refining and marketing activities. Eni 2024-2027 strategy The group is also expanding into bio-refining, renewables and carbon capture projects as it seeks to reduce the carbon intensity of its portfolio.

Where the shares trade today

The Eni shares (IT0003128367) most recently traded on Borsa Italiana in Milan around 15 euros on 2026-06-21 in euro terms, based on exchange data.

This text is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. All data are based on publicly available sources and may be subject to change.