Esprinet jumps on higher-than-expected 2020 dividend

Esprinet SpA

02/03/2021 10:12

** Shares in Italy's Esprinet  PRT.MI  jump as much as 11% after
the IT distributor said on Monday it would pay a
higher-than-expected dividend over 2020 results of 0.54 eur/shr
** "The dividend proposal is markedly ahead of our 0.31 euros
forecast, as it includes a 50% pay-out on both FY19 and FY20 net
profit, " broker Mediobanca Securities writes
** Italian broker Intesa Sanpaolo points to co management
confirming recovery in infrastructure spending is set to
continue in first half of 2021
** Kepler Cheuvreux raises target price to 14 euros from 12
euros  
** Stock is one of the top performers on Milan's all-share index
 .FTITLMS , with shares up 5.9% at 11.06 euros by 1005 GMT 

 (Reporting by Giancarlo Navach; editing by)
 ((giancarlo.navach@thomsonreuters.com; +39 0266129518))