Inditex faces one of the most significant outlays in the Spanish market with the subscription 0,84 euros per share to its shareholders. The meeting takes place on November 3 Monday and will mean a distribution close to 2.617 millones de euros only in this section.
To qualify for the payment, the schedule is clear: Wednesday October 29 It was the last session with rights, the 30 Thursday The stock trades ex-dividend and viernes 31 The registration date is set; the actual payment is made on November 3th via the depository entities.
Key dividend dates
Whoever is listed as a shareholder before the closing of October 29 retains the right to receive remuneration. From the October 30Inditex shares are traded ex-dividend, so purchases from that date onwards are no longer eligible. generate a charge.
La record dates or registration date is located on October 31This is the administrative cutoff that determines who receives the income. Cash is paid on November 3th automatically in the account associated with the securities, without additional procedures on the part of the investor.
Amount, structure and remuneration policy
The November payment totals €0,84 per share and it breaks down into €0,29 supplementary dividend y €0,55 extraordinaryWith the identical coupon paid in May, the total for the year reaches €1,68 per share, a year-on-year increase of around 9% compared to the previous comparable period.
Inditex's policy combines a ordinary payout of 60% of the benefit with the possibility of extraordinary payments when cash flow allows. In this fall coupon, the aggregate disbursement is around 2.617 millionconsolidating the company among the top payers in the Ibex.
Effect on share price and profitability
The closing date is usually accompanied by a technical adjustment: the stock price deducts the coupon amount and may register occasional drops, such as a pullback exceeding the 2,5% seen recently. It does not imply a deterioration of the business; it is the ex-dividend mechanics typical of the market.
At recent prices, the November leg offers a approximate return of 1,7%Adding together the two payments for the year, the total remuneration is around 3,5%This variation will depend on the price at which Inditex is trading at any given time.
Those who earn the most: reference shareholders
The founder and first shareholder, Amancio Ortega, will receive in this payment approximately 1.552 millones de euros through Pontegadea Investments y Partler, with which controls the 59,294% of capital (approx. 1.848 billion shares).
In total for the exercise, Ortega will have earned approximately 3.104 millones de euros in Inditex dividends. Also noteworthy Sandra ortega, with 5,053% of the capital, which exceeds 264 million in annual remuneration through this channel.
How to collect it and taxation in Spain
To receive the coupon, simply to be the holder of the shares before the ex-date and remain registered in the record datesThe payment is automatically deposited into the investor's securities or current account associated with the broker or bank.
The amount is subject to the 19% tax withholding in Spain. Thus, from a gross coupon of € 0,84the investor would receive around €0,6804 net per share (except for specific tax circumstances of the taxpayer). It is advisable to review possible advocacy of the depository entity.
With a defined schedule, a payment structure that combines complementary and extraordinary and a foreseeable technical impact on the share price, Inditex's dividend is once again among the most outstanding remunerations of the Spanish stock exchange by total amount, visibility and regularity.
