Iberdrola Hosts Another Meeting with Minority Shareholders in Bilbao
Iberdrola is continuing its round of meetings with minority shareholders in Spain, with the next session scheduled for Monday, March 24, at Torre Iberdrola in Bilbao. The company, led by Ignacio Galán, is committed to engaging with investors and strengthening its relationship with them through these ongoing meetings.
The primary aim of this initiative is to foster continuous, open, and personalized communication with shareholders, who are central to Iberdrola’s strategic vision. In this particular session, Ignacio Cuenca, Iberdrola’s Director of Investor Relations, will provide shareholders with an overview of the company’s financial results for the past year.
Following this, Iberdrola will hold additional meetings, each focusing on various aspects of the business. These meetings will be attended by other high-level executives who will address specific topics and updates related to different parts of the company.
The first meeting of this series took place on January 28 in Valencia. During this session, Eva Mancera, CEO of i-DE, Iberdrola’s distribution company, and Guillermo Raga, Director of i-DE in the Eastern Region, met with over fifty shareholders from the Valencian region. They presented the “il.lumina” plan, a major €100 million initiative to revamp the electricity distribution network that was damaged during the cold drop of October 29.
These meetings are held in person and are also broadcast live on the platform “Meeting with Shareholders,” ensuring that shareholders who are unable to attend in person can still participate and stay informed.
365 Engagement and Participation Policy
These meetings are part of Iberdrola’s broader shareholder engagement strategy, which has been a core part of the company’s management approach for the last decade. Approved by the Board of Directors and outlined in the company’s Articles of Association, this strategy places a strong emphasis on small investors. Iberdrola was a pioneer in adopting this approach, which focuses on transparency, active listening, and clear communication with all stakeholders involved in the company’s operations.
In line with this commitment, Iberdrola offers various ways for shareholders to stay in touch with the company throughout the year. The OLA Shareholders’ Club is available 24/7, providing shareholders with a direct channel to submit questions, queries, or suggestions. These will be answered within 48 hours, either confidentially or shared with other shareholders. Registration for the OLA Shareholders’ Club is available on Iberdrola’s website.
Additionally, shareholders can reach the company through other communication channels, including a free telephone line at 900 10 00 19, by mail (Oficina del Accionista, c/ Tomás Redondo, n.º 1, 28033 Madrid), or via email at [email protected]. To ensure smooth communication, shareholders are asked to provide their full name and ID card number when reaching out.
Iberdrola’s Shareholders’ Club has long been a model of best practices in shareholder relations, and it was one of the first listed companies in Spain to offer such a service. Over time, this initiative has become a standard in the Spanish stock market, with other large companies following Iberdrola’s lead in fostering open communication with investors.
Dividends: A Key Element of Iberdrola’s Strategy
Iberdrola’s commitment to its shareholders is further reflected in its dividend policy, which is a crucial component of its overall strategy. The company has proposed a gross dividend of €0.635 per share for the 2024 financial year, which represents a 15% increase from the €0.553 per share paid out in the 2023 financial year. This dividend aligns with the target set for 2026 and will be distributed to shareholders once approved at the General Shareholders’ Meeting, provided the required quorum for participation is met.
One of the factors most appreciated by analysts is Iberdrola’s impressive profitability. Since 2001, the value of Iberdrola’s shares has risen from €3.5 to over €14, with the company distributing more than €7.7 billion in dividends over that period. This consistent performance underscores Iberdrola’s ability to generate value for its investors while maintaining a focus on long-term growth and sustainability.
Iberdrola’s shareholder meetings and engagement initiatives are a testament to the company’s commitment to transparency and investor relations. By continually fostering dialogue with its shareholders, Iberdrola ensures that it remains aligned with the interests of its investors and strengthens its position as a leader in the energy sector. Through these efforts, the company is not only supporting its business objectives but also contributing to the broader energy transition, delivering both financial returns and environmental benefits for its stakeholders.
