Dividend history

Enel's dividend policy provided, for 2014, a payout of at least 40 per cent of the Enel Group's ordinary net income. The new dividend policy, introduced with the Business Plan for the 2015- 2019 period, provides a payout ratio of 50% in 2015, growing by 5 percentage points each year to 65% in 2018. The dividend will be distributed once a year, without paying interim dividends.

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