Record year, a little recap:
UniCredit delivered a record 2Q25 and raised FY25 distribution guidance to ≥€9.5bn.
The Board forecast an interim FY25 cash dividend of ~€2.1bn to be set with the 3Q25 meeting (27/10/2025).
CET1 16.0%
Dividend timetable (2025)
Half-yearly distribution in place:
- ex-date: 24/11/2025
- record: 25/11/2025
- payment: 26/11/2025.
What lands in the bank account
As a reference point, the latest FY24 final DPS was €1.476.
The net equals ~€1.092 per share.
Indicative nets:
• 100 shares → €109.20 net
• 500 shares → €546.00 net
• 1,000 shares → €1,092.00 net
Buybacks and share retirements: per-share uplift
The 2024 residual share buyback, first Tranche up to €1.8bn and up to 110m shares, launched on 25 Jul 2025.
Shares acquired under the program will be cancelled, mechanically increasing each remaining share’s claim on future earnings and distributions even before any earnings growth.
Key points for small shareholders
- Income visibility: A predictable semi-annual cadence supports planning of dividend income.
- Built-in accretion: Executed and cancelled buybacks expand the per-share slice of future earnings and cash returns.
- Headlines vs. cash flow: Near-term price moves are likely to be driven more by strategy/governance newsflow than by the already scheduled November payout dates.