Milan - Delayed Quote EUR

Snam S.p.A. (SRG.MI)

4.3090

+0.0360

(+0.84%)

At close: April 26 at 5:35 PM GMT+2

CORRECTED-UPDATE 1-VTTI to control Italy's biggest LNG terminal, Snam to get 30%

Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied natural gas (LNG) terminal, with grid operator Snam owning the rest, the Milan-listed group said on Wednesday, announcing a deal to be finalised by year-end. Snam, which is controlled by the Italian government, said in a statement it had exercised its pre-emption right to increase its stake in the infrastructure dubbed Adriatic LNG to 30% from 7.3%. The move comes after ExxonMobil and QatarEnergy last week agreed to sell their stakes in the terminal to a consortium led by Dutch group VTTI.

Reuters 23 days ago

SRG.MI
+0.84%
Snam SpA's Dividend Analysis

Snam SpA (SNMRY) recently announced a dividend of $0.25 per share, payable on 2024-02-08, with the ex-dividend date set for 2024-01-22. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Snam SpA's dividend performance and assess its sustainability.

GuruFocus.com 3 months ago

SRG.MI
+0.84%

Performance Overview

Return	SRG.MI	FTSE MIB Index
YTD	-5.17%	+12.84%
1-Year	-8.35%	+25.67%
3-Year	+8.18%	+40.45%