|Bid||12.36 x 0|
|Ask||12.99 x 0|
|Day's range||12.75 - 12.75|
|52-week range||10.72 - 17.30|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||8.51|
|Forward dividend & yield||0.85 (6.61%)|
|Ex-dividend date||19 Jun 2023|
|1y target est||N/A|
The board of Italian regional utility Acea on Thursday reaffirmed its "full confidence" in CEO Fabrizio Palermo, after press reports accused him of misogyny and abusive conduct. Acea's ethics officer was instructed to carry out any "necessary or appropriate" investigations to "dispel any doubts about (the CEO's) conduct," a company statement said. The board gave the investigative mandate to the officer acting on a proposal from Palermo himself, the statement added.
The European Union's car market is on track to shrink this year, the European Automobile Manufacturers Association (ACEA) said on Friday, forecasting a 1% dip to 9.6 million units in a downward revision from an initial projection for a return to growth. "Compared to the 2019 pre-pandemic figures, this represents a drop of 26% in car sales in the space of just three years," the ACEA said in a statement, with reference to the updated forecast for 9.6 million units this year. Brexit, the coronavirus pandemic, semiconductor supply bottlenecks and the war in Ukraine had all hit the sector, the ACEA said, calling for framework conditions to be put in place to allow a recovery.
There is great comfort to be found in regular, reliable dividend payouts – especially in times of economic uncertainty. But finding shares that can pay them is...