Iberdrola's new advance payment now has a figure and date marked in red on investors' calendars: €0,253 gross per share to be paid on February 2ndThis is one of the most anticipated coupons of the start of the year due to volume, the tradition of the electric company, and the current state of its stock market value.
This amount represents an increase of 9,5% compared to the previous interim dividendwhich was €0,231 per share. The decision consolidates the shareholder remuneration policy of the group chaired by Ignacio Sánchez Galán and reinforces the idea of combining growth and investments with stable and predictable remuneration.
Dividend amount and key timeline for shareholders
According to the information submitted to the National Securities Market Commission (CNMV), Iberdrola will pay 0,253 euros gross per share charged to the 2025 financial year, an interim dividend which will be completed later with the supplementary dividend that the company plans to distribute in July, subject to the decision of the general shareholders' meeting.
Investors who opt for cash payment will see the deposit into your account on February 2ndThe date set for the cash disbursement. This option is especially relevant for those seeking immediate liquidity or recurring income from their securities portfolio.
The company has noted that This Friday is the last day that the shares trade with the right to a dividend.From the next trading day, the shares will trade without that right, which also marks the start of the key dates for choosing the payment method.
The period for shareholders to communicate their choice to receive payment in cash or decide to sell the rights on the market It runs from January 12 to 26Within those dates, each investor must forward their instructions to their financial institution if they do not wish to take the default option.
Furthermore, they are traded on the stock exchange between those same dates. the free allocation rightsThis opens the door to more active strategies for those seeking to optimize tax collection or adjust their position in the value.
A scrip dividend with three payout options
Iberdrola maintains its scheme of “Iberdrola Flexible Remuneration”The well-known scrip dividend allows shareholders to decide how to receive this amount. The electricity company is again proposing three main alternatives for distributing the dividend.
The first way is receive the dividend in cashThe €0,253 gross per share is paid directly into the shareholder's account, after prior notification to the financial institution within the established timeframe. This is the simplest option for those who prioritize immediate payment.
The second option consists of sell the free allocation rights on the market that are received for each share. In this way, the shareholder can convert those rights into cash, but leaving the price to be determined by supply and demand during the trading period.
The third alternative is to resort to exchanging the rights for new shares released by IberdrolaIn this edition of the program, it has been established that 73 free allocation rights will be needed to obtain a new share of the company, without additional outlay by the investor.
The electric company emphasizes that The three modes are compatible with each otherIn other words, each shareholder can combine the alternatives: receive part in cash, sell a fraction of rights on the market and use the rest to receive new shares, depending on their liquidity needs or their long-term strategy.
Default option and associated capital increase
Within the Iberdrola Flexible Remuneration program, the company has established that The default option will be receiving new actionsThis means that, unless the shareholder expressly informs their bank or broker otherwise within the allotted time, their rights will be automatically exchanged for additional shares.
Who prefer receive the dividend in cash They will need to give specific instructions to their bank between January 12 and 26. This administrative requirement is key to avoiding surprises, especially for small investors who are used to receiving payment in cash without having to do any paperwork.
To implement this new edition of the remuneration system, Iberdrola will carry out a capital increase with a maximum reference market value of 1.713 million eurosThis expansion serves to issue the new bonus shares that those who opt for this method will receive, preventing the company from having to pay the entire amount in cash.
The program design seeks Balancing flexibility for the investor with the company's financial needsOn the one hand, an attractive cash payment is offered; on the other, capitalization is encouraged through new shares, which strengthens the balance sheet and helps finance the investment plan without excessively straining the debt.
This mechanism, which Iberdrola has been applying for years, has become a central tool of their compensation policyallowing each shareholder to adapt the dividend payment to their tax situation and investment time horizon.
Stock market momentum and analysts' outlook
The dividend announcement comes at a particularly favorable time for the company in the markets. Iberdrola's shares are moving in zone of historical highs, after closing 2025 with a revaluation exceeding 40% and with the price above 18 euros per share.
This behavior has driven the group's market capitalization to around 123.369 millones de eurosconsolidating it as one of the largest companies in the Ibex 35 and one of the leading utilities in Europe in terms of size and liquidity.
UBS forecasts that Iberdrola's adjusted net profit may register low double-digit annual growth, around 10% until 2028This is well above the industry average and higher than the 7% estimated by market consensus. These forecasts are based on an ambitious investment plan and regulatory stability in the main markets where it operates.
The analysis firm also emphasizes that the company It has a long track record of achieving prudent goals and exceeding expectations.This, in his opinion, justifies the premium at which it trades compared to other European electricity companies, even taking into account the differences in expected growth between them.
Investment plan and focus on networks and renewables
The attractiveness of the dividend is part of a long-term growth strategy. In the presentation made in September 2025, Iberdrola detailed an investment plan of 58.000 billion euros until 2028, with a very significant weight in the network business.
Two-thirds of that amount will be allocated to strengthen and expand electricity networkswith a particular focus on regulated markets such as the United Kingdom and the United States. These activities offer recurring revenue and high cash flow visibility, which helps to sustain increasing dividend policies.
At the same time, the company will continue making a strong commitment to renewable energiesBoth in Europe and in other strategic markets. The combination of networks and clean energy generation is, according to analysts, one of the differentiating factors of Iberdrola's business model compared to some of its competitors.
This investment effort is financed through a mix of own resources, debt and programs such as the scrip dividendThese options allow employees to convert part of their compensation into new shares instead of paying it all in cash. This preserves the strength of the balance sheet while maintaining an attractive compensation package.
Overall, the strategy positions the Spanish electricity company as one of the major European benchmarks in the energy transition, trying to reconcile regulatory and environmental requirements with profitability for the shareholder.
The new edition of Iberdrola Flexible Remuneration is presented as follows: one more piece of a machine designed for the long termA growing dividend, adaptable payment options, a capital boost through bonus issues, and a large investment plan in networks and renewables in Europe and America. For investors, the combination of a rising coupon, record-high share price, and favorable forecasts creates a scenario in which the €0,253 dividend and its payment on February 2nd become a significant milestone in the Spanish market calendar.
