Poste Italiane innovations stand out among Piazza Affari companies who are accustomed to providing prepaid dividends to their shareholders in the fall. Throughout Monday there will be 5 MTS FTSE titles to pick up coupons: Mediobanca, Recordati, Poste Italiane, Tenaris and Terna. November 18 is not the last appointment because before Christmas, December 16, everything will be finished STM release a deposit of 6 cents per share. A deposit has been released in September instead by Eni (€ 0.43).
To collect dividends, the distribution must take place at the end of the last business day before the coupon is released.
First time to Poste and Mediobanca-rich coupons
Looking at Monday's deadlock, Mediobanca's € 0.47 dividend stands out, equal to a yield of around 4.5%. For Mediobanca it is the actual dividend and not an advance because it closes the 2018-2019 balance sheet as of 30 September. Among other dividend yields of between 1% and around 1.5% per Recordati (€ 0,48), Tenaris (€ 0,1182) and Terna (€ 0,0842). Finally, Poste Italiane agreed to distribute an ordinary dividend down payment of € 0.154 per share after approval of a third quarter account, with a yield of around 1.4%. Deposits will be paid starting November 20, with the coupon release date on the 18th and the recording date on November 19th.
Outside the coupon payment Ftse Mib also for Banca Mediolanum (0.21%) with a substantial yield of 2.2%, e Danieli (€ 0.15 for stock savings and € 0.1707 for savings).
In 2020, dividends are richer
Considering only Ftse Mib, the Il Sole 24 Ore estimate shows this year the distribution of more than 21 billion euros in ordinary dividends, in strong growth from 19 billion 2018 and above since 2008. The amount is destined to increase further in 2020 with several companies such as Banco BPM, Saipem and Telecom Italia are able to return dividends, which have been lost in recent years. Also being observed Unicredit with the consensus of analysts who saw that in 2020 dividends more than doubledor, temporary FCA can provide shareholders with an extraordinary dividend of 5.5 billion if the merger with Psa goes on.
Given the context of very low rates with BTP 10 years which yields more than 1% even after rising in the last few weeks, the average yield in the order of 3.5% of coupons apart from Piazza Affari represents attractive values and is also among the highest in Europe.
Is it better to enter before the break?
But is there any point in entering titles that are close to break time to get generous coupons? The first risk is to take advantage of the bearish phase of Piazza Affari. One of them 24 Gann rules it is precisely "never buy to collect dividends". There are also factors to consider taxation . "Dividends are calculated rationally from the market and cancellation of deletion has been discounted. Entering only for dividends, tends not to benefit the investor, especially if he is a private individual, who pays 26% tax for coupons collected because dividends are capital income and not different income. A reduction in the price of a security stock is not a total. In theory, therefore, it might be better to enter the ex-coupon deadline.
Much depends on how it works after takeoff. "The real challenge is to see whether the market will reduce the entire quota, something less or something more," said trader Tony Cioli Puviani.
Other strategic options can even sell shares before the coupon is released. Option to consider whether security is at a price higher than the current price. Selling shares will have the effect of avoiding taxation on dividends and accumulating lower capital losses. On the other hand, if you make a profit, the choice to defend the title or sell it is irrelevant for tax purposes.