Iberdrola will distribute a gross supplementary dividend of €0.409 per share to its shareholders for the 2024 financial results. This payment, carried out under the flexible remuneration programme called “Iberdrola Retribución Flexible,” brings the total annual shareholder remuneration to €0.645 gross per share, an increase of 15.6% compared to the previous fiscal year. These details were communicated by the company to the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores – CNMV). In addition to this dividend, shareholders already received an interim gross dividend of €0.231 per share in January, along with a loyalty dividend of €0.005 per share linked to high attendance at the General Shareholders’ Meeting.
Iberdrola’s flexible dividend terms
According to the terms provided by Iberdrola, each shareholder will receive one subscription right for each share held. Shareholders will need to accumulate 39 subscription rights to receive one new share from the company. Shareholders thus have three options: receiving their supplementary dividend in cash (€0.409 gross per share), selling their rights on the market, or obtaining new bonus shares from the group. These options are not exclusive and may be combined according to the individual preferences of investors.
The timetable set by Iberdrola for the implementation of the supplementary remuneration scheme begins on 2 July with the official announcement of the number of rights required to obtain a new share as well as the exact amount of the supplementary dividend. Starting 4 July, shares will trade without rights to the supplementary dividend (“ex-date”), and the trading period for free allocation rights will begin and last until 17 July.
Detailed schedule and dividend payment
Investors who opt for the cash option will receive their supplementary dividend on 28 July. This date also corresponds to the issuance of new shares as part of the capital increase. Ordinary trading of the newly issued shares will commence on 30 July.
The announced increase allows Iberdrola to anticipate its initial commitment targets of offering a dividend between €0.61 and €0.66 per share by the year 2026. Considering all dividends distributed for the year 2024, total remuneration paid by Iberdrola now reaches €0.645 per share, thereby confirming the strategy previously communicated to the market by the Spanish company.
