After the summer holidays, the Spanish dividend calendar is reactivated again. It does so hand in hand with IAG, which will distribute 0.03 euros per share on September 9. This amount offers a yield of 1.4%. This dividend from IAG is of particular importance because it is the first offered by the airline group since 2019; In 2020, he had to cancel the remuneration due to the pandemic, and now, in 2024, he is returning to remunerate. Whoever wants to pocket this payment must be attentive and have it in their portfolio before next Thursday, September 5; From that day on, their shares will be listed without the right to this remuneration. Check the upcoming dividend calendar here.
IAG is, precisely, one of the five values of the Ibex 35 that stands out, technically, Joan Cabrero, director of strategy at Ecotrader (the portal prime of investment strategies elEconomista.es), as the best to reap the benefits of harvest August Stock Exchange. The analyst sets the company’s target at around 2.5 euros, up to which it has a range close to 16%. “It is unlikely that it will be able to approach this level vertically. The ideal would be to collect profits in the area of 2.25 euros, where it finds its growing resistance, to buy it back at around 2.05 euros,” explains Cabrero.
The one who is now positioned in the group – parent company of Iberia, British Airways and Vueling – is doing so in a company that trading at annual highs. It is among the most optimistic companies in the Ibex 35 this year, registering more than 22% on the stock market. It had a particularly positive month of August, in which it dominated the rises of the benchmark index, with an increase of around 10%.
But at the same time, whoever enters the value does so in a listed company that has the approval of fundamental analysts: The market consensus collected by FactSet gives its shares a buy recommendation. From current levels, the same analysts give IAG shares an upside potential of 26%.
He holding On August 1, Aire published its first half-year results. Between January and June, there was a net profit of 1,309 million euros, meaning it earned about 4% more than in the first half of last year. In the second quarter of 2024 alone, IAG’s profits amounted to 909 million, almost 10% less than in the same period of 2023, but still higher than the 814.7 million estimated by the market, according to Bloomberg. On the same day, the company announced the return of its long-awaited dividend, with this payment now about to be made.
Other dividends to come
The months of September and October bring other rewards on the Spanish stock market. Realia will deliver 0.05 euros on Friday 13th, which offers a yield of 4.7%. And for October 1st, the dividend of Ebro Foods is already confirmed. The pasta manufacturer will deliver 0.22 euros, which at current prices yields 1.4%. Among the confirmed salaries is also that of Sabadell. The entity will distribute 0.08 euros on October 1st, coinciding with the Ebro. This amount allows to pocket 4.1%. This is the first interim dividend for the year 2024, and it more than doubles the amount of the same payment of the previous year, reaching 0.08 euros, compared to 0.03 euros a year ago.
