The Neinor Homes Board of Directors has approved the distribution of an extraordinary dividend of 125 million euros which will be distributed over the next four months. The total profitability of this remuneration reaches 11% and this also happens in the midst of the collapse of SOCIMI on the stock market due to the new government tax. View the dividend schedule here.
As reported by the promoter, the distribution of this dividend will take place in two phases: the first 62.5 million euros will be distributed among shareholders between December 2024 and January 2025; The remaining 62.5 million euros will be received by investors during the first three months of the following year. Investors will receive 1.67 euros gross for each share held in each of these phases.
This remuneration is part of the Strategic Plan announced by the company last year in which it planned to distribute 600 million euros in dividends until 2027. Of these 600 million, they planned to distribute 450 million in three years , starting from the announcement in 2023. Already in 2023, the company distributed 37.7 and 39.7 million euros in dividends. In 2024, the firm has advanced a dividend of 75 million euros to which this new remuneration is now added. SO, Imputed to the profits generated this year, the dividend would amount to 200 million euros. During these two years alone, the company would have distributed 46% of these 600 million committed.
The promoter continues to consolidate itself as the company on the Spanish stock exchange with the most profitable dividend. “The complete package is 600 million, with a very strong injection in the first three years, with 450 million. At present, Neinor is the Spanish company listed on the stock exchange with a project for higher shareholder remuneration. C It’s time to get in and jump on the bandwagon to be in the dividend collecting business because. The profitability per share will be, depending on the value of the securities, between 15% and 20%“Borja García-Egotxeaga, CEO of Neinor Homes, explained in an interview with elEconomista.es.
