These are the last dividends of the summer and the key dates for receiving them | Financial Markets

Although many investors have not yet packed their bags and gone on holiday, the summer dividend calendar is approaching its final payouts. So much so that there are only four companies on the stock exchange that reward the loyalty of their shareholders: Iberdrola, Neinor, Línea Directa and Aedas.

The most generous payout of this week and of the entire summer is that of Iberdrola. The Spanish electricity company, led by Ignacio Sánchez Galán, is holding its final dividend elections, in which it will distribute around 2 billion euros. All those shareholders who chose the formula c…

Although many investors have not yet packed their bags and gone on holiday, the summer dividend calendar is approaching its final payouts. So much so that there are only four companies on the stock exchange that reward the loyalty of their shareholders: Iberdrola, Neinor, Línea Directa and Aedas.

The most generous payout of this week and of the entire summer is that of Iberdrola. The Spanish electricity company, led by Ignacio Sánchez Galán, is holding its final dividend election, in which it will distribute around 2 billion euros. All shareholders who choose the cash dividend formula closest to the normal dividend will receive 0.351 euros gross in additional dividends, an increase of 11% compared to last year. The owners of 67.8% of Iberdrola’s share capital have chosen to receive this payment.

The amount of this dividend is added to the total amount of EUR 0.202 per share already paid in January last year as an interim dividend. The total remuneration to shareholders accrued for 2023 will amount to EUR 0.553 gross per share, an increase of 11.5% compared to the previous year. In addition, investors received EUR 0.005 per share as a participation dividend, as the quorum of the general meeting of shareholders reached 70%.

Iberdrola thus continues to fulfil its commitment to increase its dividend in line with the evolution of its results, with the aim of reaching a range of between 0.61 and 0.66 euros per share in 2026. Again, in this issue, shareholders had three options: to raise in cash an amount corresponding to the final dividend; to sell their rights on the market; or to receive new shares issued by the company for free. These three options are not exclusive, so the shareholder can choose one of the alternatives or combine them at his own discretion. Trading in the new shares will begin on 31 July.

Overdue payments

Neinor Homes will pay a dividend of €37.5 million next Wednesday. The payment will represent a gross payment of €0.50 per share and a net payment of €0.495 per share, an approximate yield of 4%. The last trading day for Neinor shares with the right to receive the payment is today, Monday. The company plans a second payment, also of €37.5 million (€0.50 per share), in October or November. The two payments will be made through a capital reduction with contributions returned to shareholders, following the same structure proposed in recent years.

Línea Directa, which last week announced that it had made a profit after a loss of 15.4 million euros in the first half of 2023, has announced the payment of the first interim dividend for 2024 results of 0.013 euros gross per share, which would mean a total payment of around 15 million. This payment will take effect on August 1, and to be eligible for it, today, Monday, is the last day to buy shares in the insurer.

For its part, Aedas will pay an additional dividend of EUR 0.24 gross per share next Thursday and another special dividend, attributable to share premium, of EUR 1.11 per share. The total yield between the two payments is 5.9% at current prices. and the court date for both is tomorrow, Tuesday.

Dividend Summer

These four payments complete the dividend payouts planned for this summer. According to BME, listed companies in Spain have distributed 19.596 million euros up to June. With the upcoming payments this week, dividends distributed in July will amount to around 6 billion euros.

Together with Iberdrola, Repsol made the most generous dividend payment in July. The oil company, which offers a dividend yield of over 5%, paid its investors 608 million euros on July 8. The coupon amounted to 0.5 euros per share, representing an improvement of 42% compared to the 0.35 euros distributed a year ago.

This month, Endesa and Redeia paid 530 and 400 million euros respectively.

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