After the strong dividend harvests left by the months of June and July, the drought of recent weeks is gradually coming to an end. In Europe, payments from some of the major oil companies are starting to arrive. Remunerations whose profitability has also increased due to the recent drop in oil prices. See the dividend calendar here.
The first to return its investors will be Eni. The Italian oil company will distribute On September 25, a payment of 0.25 euros per share. To be eligible for this dividend, investors must have the energy company’s shares in their portfolio before September 23, the day from which Eni shares will begin trading without the right to collect. Regarding current prices, This dividend offers a yield of 1.4%.
This would be the third payment made by the company on the profits of 2023 (of almost 8.3 billion euros) and, in the absence of a final payment confirmed in November (it will be on November 20, with a deadline set for November 18), This total dividend from Eni would reach one euro per sharewith a total yield of 7.1%.
After two extraordinary years due to the rise in oil prices, analysts’ estimates for the coming years are for a normalization of profits around 6 billion euros. But even with this contraction in profits, experts’ projections indicate that Eni’s dividend will increase in the coming years. So, Remuneration of 1.04 euros per share is expected from 2025 (4% more than in 2024) and 1.08 euros in 2026 (still 4% more than in 2025). These dividends continue to offer shareholders returns of more than 7%which even reach 7.6% in the case of the payment estimated for 2026.
Eni shares are currently down around 10%, but analysts expect them to recover all the lost ground over the course of this year, as they expect a potential increase of 21% in the coming months to the 17.11 euros they have set as a price target for their shares. The experts’ recommendation is to buy them.
We will have to wait a little longer for the TotalEnergies dividend. The French oil company will pay its investors on October 1. This payment will be the last one charged on the 2023 and 2024 results. will amount to 0.79 euros for each title. To be eligible, investors must own TotalEnergies shares before September 25. At current prices, this dividend allows a profitability of 1.3%.
Once this is paid, the total dividend of the gala will be completed compared to 2023, which will finally reach 3.16 euros and a final profitability of 5.2%. As for Eni, after two historic years, its profits will also normalize in the following years, in its case around 17,000-18,000 million euros. However, Its dividend will also increase and analysts expect total payments of 3.30 euros and 3.41 euros allocated to 2024 and 2025, which reach yields of 5.5% and 5.7% respectively.
TotalEnergies’ price also accumulates losses in 2024, although less than those of Eni. In its case, the French company corrects a little more than 3% of its stock market value this year, but analysts estimate a potential increase of 20% for its share price in the following months.
The next Spanish payments
In the Spanish market, there are few companies left to pay in the coming weeks. The first to do so will be IAG, which will distribute a dividend of 0.03 euros (profitability of 1.4%) on September 9 (its shares are now listed without the right to collect). On September 13, the payment will arrive from Realia, a real estate developer, which will distribute 0.05 euros (profitability of 4.7%) to its investors. Its hearing date is September 11. For the next Spanish payments we will have to wait until October. On the first day of next month, Ebro Food and Banco Sabadell will pay.
