Cellnex will pay at least €3 billion in dividends between 2026 and 2030.
Cellnex expect to pay at least €3,000 million in dividends between 2026 and 2030.the company said on Tuesday at Capital Markets Day in London on Tuesday, where it stressed it hoped shareholders could receive minimum dividend 500 million euros per year from 2026.
Given the forecast that €10 billion of cash will be available until 2030, the new capital allocation will maintain a balance between distribution of results through dividends (minimum 3,000 million euros in dividends between 2026 and 2030) and/or selective purchases of own shares, as well as investments in industrial growth opportunities (up to 7,000 million).
The technology company explained that it expects shareholders to be able to receive a minimum dividend of €500 million per year from 2026, with a minimum annual growth rate of 7.5% in subsequent years, while Cellnex may consider early payment of dividends and/or purchasing own shares based on the company’s leverage and credit rating.
Cellnex expects to register several income – excluding “transition” – in the amount of 4,500 to 4,700 million euros in 2027, which reflects a “solid” order portfolio and forecasts for the placement of new equipment. In this context, the company led by Marco Patuano explained that the “pass-through effect” entails energy costs that are passed directly on to consumers.
In addition, the owner of the cell tower is confident that gross operating result (Ebitda) in 2027 it will be between 3.8 and 4 billion euros, while recurring free cash flow with leverage is expected to reach between 2.1 and 2.3 billion euros, and free cash flow will be between 1.1 up to 1.3 billion euros.
Cellnex stressed that it will also release a new financial reporting system with more detailed information across all business areas, including information on four business areas (compared to the current three) and the exclusion of revenue from overbilling consumers for electricity. He also stressed that he would reveal a “specific and specific” capital allocation structure aimed at significantly increasing returns for shareholders.
Debt is five to six times EBITDA
In this sense, after achieving the degree investments in 2024 – confirmed target – new “goal” Net debt to EBITDA ratio under IFRS 16 in the medium to long term it will be in the range of 5.0-6.0x, “providing the company with additional resources to pay shareholder rewards and/or grow in new industrial projects.”
The range offered will allow Cellnex, as it has detailed, to have the flexibility it needs to adapt your strategy to different scenarios while maintaining consistency in its investment grade commitments.