0743 GMT - Eni could announce a 1 billion euro special dividend at its third-quarter results, RBC Capital Markets analyst Biraj Borkhataria writes. The Italian energy major's financial framework allows for a special dividend given oil prices have been above $90 a barrel and the extra cash could push its share buyback higher, he adds. The company has already increased its buyback for the year to 3.4 billion euros from 1.5 billion euros previously. Shares trade 0.3% higher at 26.23 euros.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments