Neinor Homes to vote to approve €125 million dividend payment

Neinor Homes Board of Directors announces it will vote to approve the distribution dividends of 125 million euros which will be distributed over the next four months. The total return on this reward reaches 11%. and this also comes in the midst of the SOCIMI stock market crash due to the new government tax. See the dividend schedule here.

According to the promoter, the distribution of this dividend will be carried out in two stages: the first €62.5 million will be distributed to shareholders between December 2024 and January 2025; Investors will receive the remaining 62.5 million euros during the first three months of next year. Investors will receive €1.67 gross for each share they own in total across these two stages.

The award is part of the Strategic Plan announced by the company last year, in which it expected to distribute €600 million in dividends until 2027. Of that 600 million, they planned to distribute 450 million three years from the announcement in 2023. Already in 2023, the company has paid dividends of 37.7 and 39.7 million euros. The company paid a dividend of €75 million in 2024, to which this new remuneration has now been added. So, If profits made this year are included, the dividend would amount to €200 million.

. In just these two years, the company would have distributed 46% of the 600 million allocated funds.

The organizer continues to consolidate as the company on the Spanish stock market with the most profitable dividends. “The full package is 600 million, with a very strong injection in the first three years – 450 million. Neinor is now a listed Spanish company with a plan to increase shareholder remuneration. It’s time to enter and enter the market. being on the bandwagon of a dividend collection company, since The yield per share will be, depending on the price of securities, from 15% to 20%.“Borja García-Egocheaga, CEO of Neinor Homes, explained in an interview with elEconomista.es.