Italian national power grid company
Terna said Thursday that its 2018-2022 strategic plan features
investments of around 5.3 billion euros in Italy, up 30% with
respect to the previous plan.
It said 2.8 billion euros of this money was for development
of the national grid and international interconnections; around
700 million for the Defence Plan and around €1.9 billion
dedicated to renewal activities, improving the quality of
service and efficiency.
It put group revenues at 2.55 billion euros and EBITDA at
approximately € 1.9 billion in 2022, with more than 3% average
annual growth for both measures.
"Dividend Policy over the period 2018-2022: from 2018 to 2020
dividend per share (DPS) is expected at an average annual growth
rate (CAGR) of 6% compared to the dividend for the year 2017,"
Terna said.
"For 2021 and 2022 a payout of 75% is expected, with a
minimum guaranteed dividend equal to the dividend pertaining to
the year 2020".
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