Iberdrola raises its interim dividend by 12.2% and distributes 0.202 euros per share
Iberdrola's interim dividend for 2023 will amount to EUR 0.202 gross per share, as communicated to the Spanish National Securities Market Commission (CNMV). Investors who opt for the cash dividend will receive the corresponding amount on 31 January.
The company is once again offering its shareholders three options in this edition of "Iberdrola Flexible Remuneration": to receive the interim dividend in cash - the aforementioned EUR 0.202 gross per share -; to sell their allocation rights on the market; or to obtain new bonus shares in the group free of charge.
This interim dividend for 2023 will be completed with the final dividend that the company expects to pay in July, if approved by the company's General Shareholders' Meeting.
Shareholders who opt for the option to receive new shares must hold 58 free allotment rights in order to receive a new share in the company.
The three options -to receive the interim dividend in cash, to sell the rights in the market or to receive new Iberdrola shares- can be combined, so shareholders may choose one of the alternatives or combine them according to their preferences.
The Iberdrola Flexible Remuneration system assigns by default the option of receiving new shares, so shareholders who prefer to receive their remuneration in cash must notify their bank between 9 and 23 January.
In order to carry out this new edition of the remuneration system, a capital increase will be carried out with a maximum reference market value of 1,304 million euros.
Calendar of the "Iberdrola Flexible Remuneration" programme January 2024
9 January 2024
Beginning of the common period of election and trading on the Stock Exchange of the free allotment rights.
23 January 2024
End of the common election and trading period for free allotment rights on the stock exchange.
31 January 2024
Delivery of the shares/payment of the interim dividend.
2 February 2024
New shares start trading.