Eni's (E) Capital Update Unveils $1.2B Buyback, Dividend Hike

Eni SpA (E) unveiled a comprehensive capital market update, outlining its strategic plans for the period 2024-2027, on Thursday. Let's delve into the details of Eni's ambitious initiatives.Shareholder Rewards and Distribution PolicyEni intends to initiate a share buyback program amounting to approximately euro 1.1 billion (approximately $1.2 billion) and increase its dividend to euro 1 per share for the current fiscal year. This move accompanies an expansion of its shareholder distribution policy to 30-35% ...