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Italgas S.p.A. (IG.MI) logo

Italgas S.p.A.

EURO STOXX 600
IG.MI|Utilities|Utilities - Regulated Gas||P/E 14.6|MCap 10.7B|Borsa Italiana

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

80/ 100Very Safe

IG.MI's dividend appears very safe. Strengths include a 53.8% earnings payout ratio & 0.0% fcf payout ratio. Areas of concern: 57.9% net debt / total assets. The dividend has been growing at a 9.66% 5-year CAGR. As a utility, higher payout ratios and leverage are typical for this regulated sector.

Based on 15 of 15 metrics

Strengths

  • Earnings Payout Ratio: 53.8%Low earnings payout ratio leaves room to grow the dividend.
  • FCF Payout Ratio: 0.0%Free cash flow comfortably covers the dividend.
  • Operating Margin: 51.5%Healthy operating margin provides a wide buffer.

Risks

  • Net Debt / Total Assets: 57.9%Net debt is high relative to total assets.

Payout & Coverage

Very Safe
Earnings Payout Ratio
53.8%Very Safe
FCF Payout Ratio
0.0%Very Safe
CFO Payout Ratio
31.6%Safe
Interest Coverage
5.2xSafe

Balance Sheet

Caution
Net Debt / Total Assets
57.9%Warning
Current Ratio
1.1xCaution
Debt-to-Equity
263.3Caution

Profitability

Very Safe
Return on Equity
19.5%Safe
Operating Margin
51.5%Very Safe
Gross Margin
76.9%Very Safe
Profit Margin Stability
Very StableVery Safe

Dividend Track Record

Very Safe
Dividend Streak
8+ yrsSafe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
9.7%Safe
Earnings Stability
GrowingVery Safe

About Italgas S.p.A.

Italgas S.p.A. is an Italian Network Tech Company leading in gas distribution, water services, energy efficiency, and information technology sectors. Founded in 1837, it pioneered gas introduction to Italian homes, significantly contributing to the nation's economic and social development, and now manages Europe's largest gas network spanning over 155,000 kilometers, serving more than 12 million customers in Italy and Greece. Through its subsidiary Nepta, Italgas delivers water services to approximately 6.3 million people in regions like Lazio, Sicily, and Campania via a 6,300-kilometer network. The company drives digital transformation with fully digitized networks capable of handling renewable gases such as biomethane, synthetic methane, and hydrogen, supporting the EU's decarbonization goals and energy transition. Employing around 6,500 people, Italgas focuses on innovation, AI integration, and sustainability, positioning it as a key infrastructure player for secure, efficient energy and water distribution across communities.

Dividend Overview

Dividend Yield

3.69%

Annual Dividend

€0.38

Frequency

Annual

Payout Ratio

53.79%

FCF Payout Ratio

0.00%

Stock Price

52-Week Range

€6.26 €11.30

Dividend History (2016–2025)

IG.MI annual dividend per share and yield history

Earnings & Profitability

IG.MI earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 18, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

11.23%

5-Year Dividend CAGR

9.66%

10-Year Dividend CAGR

N/A

3-Year Total Growth

37.62%

5-Year Total Growth

58.57%

10-Year Total Growth

N/A

Income Calculator

IG.MI Dividend Calculator

Total Investment

€0.00

Annual Income

€38.12

Quarterly Income

€9.53

Monthly Income

€3.18

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Frequently Asked Questions

What is IG.MI's current dividend yield?
Italgas S.p.A. (IG.MI) currently has a dividend yield of 3.69%, based on a stock price of — and an annual dividend of €0.38.
When is IG.MI's next dividend payment date?
IG.MI's next ex-dividend date is 2026-05-18 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does IG.MI pay in dividends per year?
Italgas S.p.A. paid €0.38 per share in annual dividends in 2025. The dividends are paid annual.
Has IG.MI been increasing its dividend?
Italgas S.p.A. has grown its dividend at a 5-year CAGR of 9.66%.
Is IG.MI's dividend safe?
Italgas S.p.A. has a payout ratio of 53.79%. Its free cash flow payout ratio is 0.00%. A payout ratio below 60% is generally considered sustainable.
How is IG.MI's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Italgas S.p.A.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for utilities companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.