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The dividend policy

Ever since it was established, Hera has followed a dividend distribution policy that rewards Group shareholders.

In light of achieving a constantly growing net profit (+23.7% since 2002), the Shareholders’ Meeting every year has approved a substantial increase of the dividends (+18.0% in five years).

Dividens and DPS

* no IAS

The 2007-2010 industrial plan envisages a +13% “average” annual growth of dividends, so the expected “average” 2008-2010 growth of the dividend is +17.7%.