Amancio Ortega received $1.423 million in Inditex dividends this week
Amancio Ortega, founder and main shareholder of Inditex, will receive 1,422.5 million euros this Thursday, corresponding to the textile group’s first interim dividend payment for the 2023 financial year.
In 2023, Inditex achieved a historic profit of €5.381 million, up 30% from 2022. announced the payment of record dividends to its shareholders of almost 4.8 billion euros.. Inditex’s interim dividend policy for the 2023 financial year provides for the normal payment of 60% of profits and an additional distribution of extraordinary dividends.
Specific, The dividend amounts to a total of €1.54 per share., which is 28% higher than in 2022, and consists of an ordinary dividend of 1.04 euros and an extraordinary dividend of 0.5 euros per share. The dividend is divided into two equal payments of €0.77: the first is paid on May 2 and the second on November 4.
Galician businessman owns 1.848 million shares of Inditex, which is equivalent to 59.294% of the company’s capital. Thus, the founder of Inditex will receive a historic dividend of 2.845 million euros, which is 628 million more than last year. In addition, as a director of the company, he received a further €100,000 during the 2023 financial year.
Sandra, second largest shareholder
For her part, Sandra Ortega, daughter of the company’s founder and the second largest shareholder with 5.053% of shares, equivalent to approximately 157.5 million shares.you will enter a total of about 243 million euros of which 121 million will be paid this Thursday, corresponding to the first payment.
PP President Alberto Nunez Feijoo, who owns 4,000 shares in the Galician textile company, will also receive payment for his Inditex shares, according to a declaration of assets submitted after his resignation as a senator in the Upper House last August. If you keep that many shares, the popular leader will receive 6160 euros in dividends3080 euros next Thursday.
According to the annual directors’ remuneration report for 2023 sent by Inditex to the National Securities Market Commission (CNMV), the company’s non-executive president Marta Ortega received one million euros in her second year at the helm of the company. In the first exercise His salary was 834,000 euros.from the date of taking office on April 1, 2022.
In turn, Inditex CEO Oscar Garcia Maceiras received 10.32 million euros, which is 23.3% more than in 2022. From his reward he 7.53 million corresponded to cash payment and 2.79 million to gross income of shares or financial instruments. In 2021, Maceiras replaces Carlos Crespo, who earned €5.76 million last year.
Inditex Vice President José Arnau became the next highest-paid executive., which amounted to 380,000 euros. José Luis Durán, in turn, earned 7.9% more, for a total of 300,000 euros, while Emilio Saracho received 112,000 euros before leaving.