Dividend distribution 2019
Official EUR/USD exchange rate fixed by the European Central Bank (ECB) on April 17, 2019 1.1301
Italian and US Ex-date April 23, 2019
Italian and US record date April 24, 2019
Payment date May 2, 2019
Quick refund - First batch: first deadline for DTC participants to submit the
documentation for reduced withholding tax or exemption
Documentation Deadline:
May 17, 2019 at 5pm EST
CA Web Instruction & ESP Deadline:
May 20, 2019 at 8pm EST
First quick refund date June 2019
Quick refund - Second batch: second deadline for DTC participants to submit
the documentation for reduced withholding tax or exemption, if not submitted in the First batch
June 19, 2019
Second quick refund date July 2019
Type of reserves distributed 2018 retained earnings
Portion rate subject to Italian withholding (26%) EUR 1.03 / USD 1.16400
Italian withholding rate (26%) EUR 0.2678 / USD 0.30264
Portion rate subject to Dutch withholding (15%) EUR 1.03 / USD 1.16400
Dutch withholding rate (15%) EUR 0.1545 / USD 0.17460
Net rate subject to variation based on the application of tax treaties and local tax regime EUR 0.6077 / USD 0.68676
Where to get information
For shareholders in DTC, please refer to the attached Notice for additional information
For shareholders in DTC - Globe Tax e-mail address italyesp@globetax.com
For shareholders in DTC - Globe Tax phone number +1-212-747-9100
For shareholders in Monte Titoli – Please contact your own depositary bank, stockbroker or other financial intermediary
