Terna - Rete Elettrica Nazionale SpA
EURO STOXX 600Last update: Mar 25, 2026 at 04:53
About Terna - Rete Elettrica Nazionale SpA
Terna - Rete Elettrica Nazionale SpA is Italy's leading transmission system operator, managing nearly the entire national high- and extra-high-voltage electricity grid spanning approximately 75,236 kilometers of power lines, 915 substations, and extensive interconnection infrastructure. Headquartered in Rome, the company operates as a natural monopoly regulated by the Italian Authority for Energy, Networks, and the Environment (ARERA), ensuring the balance between electricity supply and demand while dispatching power across the system. Through its core subsidiary Terna Rete Italia, it handles development, operation, and maintenance of the grid, including pioneering projects like the world's longest submarine cables such as SA.PE.I. and innovative HVDC interconnectors linking Italy to Sicily, France, and Tunisia. Terna Plus and Terna Energy Solutions drive non-core activities, offering specialized engineering services, high-voltage plant maintenance, fiber optics, smart grids, and renewable integration solutions to third parties in Italy and internationally in regions like Chile, Peru, and the USA. As Europe's largest independent grid operator and sixth globally by line length, Terna plays a pivotal role in Italy's energy transition, advancing decarbonization, renewable energy integration, and energy security via multi-billion-euro development plans. Listed on Borsa Italiana and part of the FTSE MIB index, it supports over 60 million end-users through robust, technologically advanced infrastructure.
Dividend Overview
Dividend Yield
4.23%
Annual Dividend
€0.40
Frequency
Semi-Annual
Payout Ratio
73.85%
FCF Payout Ratio
0.00%
Stock Price
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52-Week Range
€7.69 – €10.25
Dividend Health Score
TRN.MI's dividend appears safe and well-supported. Strengths include a 73.9% earnings payout ratio & 0.0% fcf payout ratio. Areas of concern: 851.5% cfo payout ratio & 0.7x current ratio. The dividend has been growing at a 9.11% 5-year CAGR. As a utility, higher payout ratios and leverage are typical for this regulated sector.
Based on 15 of 15 metrics
Payout & Coverage
SafeBalance Sheet
CautionProfitability
Very SafeDividend Track Record
Very SafeDividend History (2016–2025)
TRN.MI annual dividend per share and yield history
Earnings & Profitability
TRN.MI earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
November 24, 2025
Next Payment Date
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Dividend Growth
3-Year Dividend CAGR
9.84%
5-Year Dividend CAGR
9.11%
10-Year Dividend CAGR
18.93%
3-Year Total Growth
32.51%
5-Year Total Growth
54.64%
10-Year Total Growth
466.00%
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Frequently Asked Questions
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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 Health Score, 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.