Dividend hunters face a week with big dates. Two companies of the Spanish Stock Exchange, both of the Ibex, remuneration to their shareholders. Despite the Covid and the containment in the remuneration imposed on financial entities and insurers, and the caution of the real estate sector, Inditex and Santander distribute some 1,600 million between today on Friday.
The textile group pays 0.35 euros per title and the bank 0.0235
The textile giant is the most generous, with 0.35 euros per share, after last year it postponed the remuneration due to the effects of the coronavirus. In total, it will pay 1,091 million, of which most (about 650 million) will go to its founder Amancio Ortega, with a stake that is close to 60% of the company.
The group founded by Amancio Ortega and Rosalía Mera, piloted by Pablo Isla as president, imposed maximum precautionary measures and has delayed the promised payment of 0.78 euros per title to 2021 and 2022, due to the effects of the pandemic on its profits for the year past. Now shareholders are beginning to make amends. For the current share price, the return on the payment made today is 1.2%.
Santander is another of the greats of the Ibex that had to stop its remuneration on the orders of the European Central Bank, which at the beginning of the health crisis ordered that dividends stop being distributed. Then, it opened the door for a maximum of 15% of the 2019 and 2020 profits to be distributed. In principle, as of October, freedom will once again be total.
Thus, tomorrow, the bank chaired by Ana Botín will pay 0.0275 euros per share to its around four million shareholders. At the current price, the profitability is around 1%. In total, the amount to be delivered will be 477 million euros