Iberdrola pays out a final dividend of at least 0.348 euros per share
Iberdrola will distribute among its shareholders at least 0.348 euros per share as a final dividend charged to 2023 results, according to the terms of the new edition of the optional dividend system "Iberdrola Retribución Flexible" communicated by the company to the Comisión Nacional del Mercado de Valores (CNMV).
This amount is in addition to the EUR 0.202 gross per share already paid last January as an interim dividend.
Total shareholder remuneration charged to 2023 amounts to EUR 0.55 gross per share, 10.8% more than in the previous year.
In addition, investors have received 0.005 euros per share for the engagement dividend, as the quorum of the General Shareholders' Meeting reached 70%.
Iberdrola continues to fulfil its commitment to increase the dividend in line with the evolution of its results, with the objective of reaching a range of between EUR 0.61 and EUR 0.66 per share in 2026, setting a floor of EUR 0.55 for the period 2024-2026, according to the Capital Markets Day held on 21 March.
Iberdrola shareholders will receive one subscription right for each Iberdrola share they hold.
In this edition, shareholders will have three options: to receive in cash the amount corresponding to the supplementary dividend -of a minimum of 0.348 euros gross per share-; to sell their rights in the market; or to obtain new free shares in the company free of charge. These three options are not mutually exclusive, so that shareholders can choose one of the alternatives or combine them according to their preferences.
Schedule of the final dividend
2 July 2024
Communication of the number of free allotment rights required to receive one share and the amount of the gross final dividend per share.
3 July 2024
Publication of the announcement of the capital increase.
Last day on which shares entitled to participate in the dividend are traded.
4 July 2024
Date from which the shares are traded without the right to participate in the "Iberdrola Flexible Remuneration" system. Also known as ex-dividend date.
Beginning of the common election period and of the trading period of the free-of-charge allocation rights.
17 July 2024
End of the common election period and trading period for the free-of-charge allocation rights.
29 July 2024
Payment of the Final Dividend to shareholders who have opted to receive cash by means of this option.
31 July 2024
Expected date of commencement of trading of the new shares.