If you've been looking for insurance, Mapfre is one of the companies that has likely come up most often. Perhaps you've used a health insurance comparison tool and, while searching for more information, you've come across Mapfre dividends. Do you know what they are?
Below you will find all the details you need to know about these , as well as the schedule of upcoming and final Mapfre dividends for 2023.
What is Mapfre?
Mapfre is one of the best-known companies in Spain. It is a multinational company dedicated to the insurance and reinsurance sector . However, it not only has a presence in Spain, but operates in a total of 49 countries.
It also has a professional reinsurer, called Mapfre RE, which operates throughout the world and has both two subsidiaries and 19 offices spread out.
It was founded in 1933 under a different name: Mutual Insurance Company of the Association of Rural Estates of Spain. Its objective, as you may have guessed, was to provide insurance for agricultural workers. However, 22 years later, in 1955, they decided to expand their services by offering car insurance. This also allowed them to enter other countries.
In the following years they added other insurances such as life, accident, transport… This made it more and more well known, as well as expanding to other countries where it had a more consolidated presence.
Currently, it is one of the most consolidated companies in the insurance sector and there are many who choose it to insure car, life, health, etc.
What are Mapfre dividends
Mapfre dividends are essentially a bonus for those who own Mapfre shares. To receive these dividends, it's necessary to purchase shares and be eligible to receive them over time.
Mapfre is listed on the Madrid Stock Exchange and is part of the IBEX 35. However, other indices in which it is present are also mentioned, such as Dow Jones, MSCI Spain, FTS4Good… Its ticker or stock exchange code is BME:MAP.
This is your policy
If you're considering purchasing Mapfre dividends, then you'll most likely be interested in knowing their dividend policy . In this regard, the most important things to know are the following:
- Regarding shareholder remuneration, this is always related to liquidity, profit, solvency and investment plans.
- It is the Board of Directors who proposes decisions to the General Shareholders' Meeting based on the distribution of dividends.
- Regarding the payment of dividends, it is done whenever possible in cash. However it is not always so.
- The proposals that are usually made to the General Shareholders' Meeting regarding the distribution of dividends is between 40% and 50% of the profit for the year attributable to the Company in its consolidated annual accounts. In addition, it must be taken into account that the aim is to maintain a sustainable and growing policy.
What has been Mapfre's dividend history
If you want to know how Mapfre's dividends have evolved , below is a table showing them.
In Mapfre's words: " We are the dividend kings of the Ibex, with a return of over 8%." Although it should be noted that profits have been lower in recent years. Even so, they have maintained their policy of increasing dividends.
Mapfre dividends for 2023
If you want to know the calendar of Mapfre's next dividends for 2023, you can consult it here.
The first dividend announcement for Mapfre in 2023 will be on May 23rd. To receive the dividends, it is necessary to have previously purchased the shares. The published schedule is as follows:
- Until May 18, 2023, you can buy Mapfre shares that give you the right to participate in the dividends for that month.
- May 19 will be the ex-dividend date, that is, you can buy shares but they do not have the right to receive that May dividend.
- El May 22 will be the registration date, that is, the date on which Mapfre determines which are the shareholders who have the right to participate in the distribution of dividends.
- Finally, on May 23 the payment will be made effective. As we told you before, this payment will be made mainly in cash.
Are there more dates for Mapfre's dividends in 2023?
If you have seen Mapfre's dividend history, you will have noticed that there are always two dates per year. The first takes place between May and June, while the second is between November and December.
For this reason, Mapfre's next dividend payment date is estimated to be in November or December 2023, but nothing has been officially confirmed yet.
Are Mapfre's dividends clearer to you now?