Iberdrola raises its interim dividend by 14.4% and will pay out EUR 0.231 gross per share
Iberdrola's interim dividend for 2024 will amount to EUR 0.231 gross per share, as reported today 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 0.231 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 2024 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-of-charge allocation 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 on the market or to receive new Iberdrola shares - can be combined, so that 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 10 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 1,495 million euros.
Schedule of the ‘Iberdrola Flexible Remuneration’ programme January 2025
The amount of the interim dividend per share and the number of rights required to receive one free share are communicated.
9 January 2025
Last day on which shares entitled to participate in the dividend are traded.
10 January 2025
Common Election Period begins for shareholders to decide whether to receive the interim dividend or to receive free shares.
interim dividend or to receive free shares, and the trading period for free allotment rights begins.
trading period for free allotment rights.
23 January 2025
Last day of the Common Election Period and of the rights trading period.
31 January 2025
Delivery of the shares and payment of the interim dividend.
5 February 2025
New shares start trading