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HomeLatest News80% of Iberdrola investors prefer to receive dividend shares

80% of Iberdrola investors prefer to receive dividend shares

Date: April 20, 2024 Time: 16:17:43

Almost 80% of Iberdrola’s capital, specifically 79.5%, has chosen to receive company securities within the framework of the ‘Iberdrola Retribución Flexible’ system, which corresponds to the interim dividend charged to the results of 2022. Thus, the group led by Ignacio Sánchez Galán will issue 84 million new shares of 0.75 euros each, which will mean a capital increase of 1.325%, as reported by the company on Thursday to the National Securities Market Commission ( CNMV).

According to the scheduled schedule, these new titles will begin to be traded on the market on a regular basis on February 1. On the other hand, the holders of 1,305 million shares, which represent 20.5% of Iberdrola’s share capital, have chosen to collect the interim dividend in cash, set at 0.18 euros gross per share.

The electric company will pay this amount on January 31, when it will pocket 235 million euros in cash. During the presentation of its strategic plan for 2025, the company established a minimum floor for its dividend, which contemplates, at least, the distribution of 0.46 euros per share charged to the results of 2023-2024. The minimum for 2025 rises to 0.50 euros.

This interim dividend for the year 2022 will be completed with the final dividend that the company expects to pay in July, if approved by the company’s general meeting of shareholders. Through the ‘Iberdrola Flexible Remuneration’ system

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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