Home Entertainment News Amancio Ortega receives 1.422 million dividends from Inditex this Monday

Amancio Ortega receives 1.422 million dividends from Inditex this Monday

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Amancio Ortega receives 1.422 million dividends from Inditex this Monday

Amancio Ortegafounder and first shareholder of Inditexwill receive this Monday 1,422.5 million euros in dividends from the Galician textile group. This is the last remuneration that the company will pay to its shareholders, which will allow Amancio Ortega to increase the annual income of this concept to 2,845 million euros. Last year, it grossed 2.217 million.

The company will reward its shareholders with around 4.8 billion euros this year, after increasing the dividend by 28%, to 1.54 euros per share. Inditex’s dividend policy consists of an ordinary payment of 60% of profits and an additional distribution of extraordinary dividends.

The dividend is made up of two equal payments: a payment of 0.77 euros per share, corresponding to the ordinary dividend, already collected on May 2, and another of 0.77 euros per share which will be received this Monday (0.27 euros ordinary plus 0.50 euros extraordinary).

The founder of Inditex, who will receive this Monday more than 1.422 million euros in dividends through the companies Pontegadea Inversiones and Partler, with which he controls 59.294% of the textile group, the equivalent of a package of 1.848 million shares, invests part of the dividends it receives from Inditex in the real estate sector.

Ortega owns the largest Spanish real estate company, focused on the purchase and management of large buildings, with a portfolio of real estate assets mainly composed of office and non-residential buildings, located in the centers of major cities in Spain, from United Kingdom. , the United States and Asia.

One of its latest operations was the acquisition of two platforms in Germany for 150 million euros, shortly after the purchase of an office building in Paris, located near the Opera, for around 200 million euros and logistics assets in Italy for an amount of 327 million euros. .

Since the start of the year, Ortega, which began acquiring logistics assets in 2022, has also acquired a “prime” office building in Luxembourg for an amount of 165 million euros.

In addition to this operation, the founder of Inditex finalized the acquisition from Blackstone of a logistics warehouse in the Netherlands for 100 million euros occupied by the fashion brand Primark and the purchase of a logistics warehouse rented to Amazon near Vancouver (Canada) for an amount of 100 million euros. almost 260 million euros.

For her part, her daughter Sandra Ortega, who owns 5.053% of the Galician company (157.48 million shares), will receive more than 242 million euros in dividends from Inditex this year (half this Monday, November 4) , against 188 million. euros he received the previous year.

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