2023-10-29 23:03:31
The founder and first shareholder of Inditex, Amancio Ortega, will earn a total of 2,217 million euros this year in dividends from the company when he collects 1,108.5 million this Thursday for the last remuneration of the year that the Galician firm will pay to its shareholders. . Specifically, the businessman will receive 499 million this year above the 1,718 million that he received for this concept last year.
In total, the company will pay its shareholders more than 3,730 million this year, after raising the dividend by 29%, up to 1.2 euros per share, composed of an ordinary dividend of 0.796 euros and an extraordinary dividend of 0.404 euros per share. . Specifically, Inditex’s dividend policy consists of an ordinary payout of 60% of profits and the additional distribution of extraordinary dividends, as reported by Europa Press. In this way, the payment of this dividend will be made in two equal payments, one already made of 0.6 euros per share on May 2, and another of the same amount that the company will pay this Thursday, November 2.
The founder of Inditex, who will receive almost 1,110 million euros in dividend this Thursday through the companies Pontegadea Inversiones and Partler, with which he controls 59.294% of the textile group, equivalent to a package of 1,848 million shares, invests part of the dividends received from Inditex in the real estate sector.
Ortega owns the largest Spanish real estate company, focused on the purchase and management of large buildings, with a portfolio of real estate assets mainly made up of office, non-residential buildings, located in the centers of large cities in Spain, the United Kingdom, the United States and Asia. .
One of its latest operations has been the purchase of an apartment tower in Chicago for 232 million dollars (about 212 million euros). Specifically, Ortega, through its investment arm Pontegadea, acquired this luxury apartment property from Ares Management and F&F Realty, which has 492 apartments spread over 45 floors.
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