We increase the interim dividend to 0.18 euros gross per share
- This interim dividend, charged to 2022 earnings, will be supplemented by the final dividend that the group expects to pay in July, if approved by the General Meeting of Shareholders.
- In this new edition of the optional dividend system ‘Iberdrola Retribución Flexible‘, the company’s shareholders will be able to choose between receiving their remuneration in cash – to be paid on 31 January – selling their rights on the market or obtaining shares in the company free of charge.
- To receive a new share in the group, shareholders must hold 60 free allocation rights.
Iberdrola’s interim dividend for 2022 will amount to EUR 0.18 gross per share, as reported today to the Spanish National Securities Market Commission (CNMV). Investors opting for the cash dividend will receive the corresponding amount on 31 January.
The company once again offers its shareholders three options in this edition of Iberdrola Flexible Remuneration: to receive the interim dividend in cash – the aforementioned 0.18 euros 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 2022 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 60 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 – are combinable, so the shareholder could choose one of the alternatives or combine them according to his or her preferences.
The Iberdrola Flexible Remuneration system assigns by default the option to receive new shares, so those shareholders who prefer to receive their remuneration in cash must notify their bank between 6 and 19 January.
In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of €1.165 billion will be carried out.
6 January 2023
Ex-dividend date (ex-date) as from which Iberdrola shares are traded without the right to participate in the “Iberdrola Flexible Remuneration” system.
Commencement of the election period and trading period for free allocation rights.
19 January 2023
End of the common election period and the trading period for free-of-charge allocation rights.
31 January 2023
Payment of interim dividend to shareholders who have opted to receive cash through this option.
1 February 2023
Expected trading commencement date of the new shares.
Source link: https://www.iberdrola.com/