2023-12-26 20:42:26
The year 2023 has seen the return of dividends on the Ibex 35 and the rest are listed on the Spanish Stock Exchange. Spanish Stock Exchanges and Markets (BME) emphasizes in its annual market report that, just a few days before the end of the year, The payment of dividends will be around 30,000 million euros distributed over the year, which is equivalent to an increase of 19% compared to last year and a value “already around the annual maximums that occurred at the beginning of the last decade.”
The payment of dividends will once again rub shoulders with pre-pandemic figures, but still some distance from the all-time high of 2014, when 43,000 million euros were paid to the shareholder. “Thanks to these data, the Spanish Stock Market consolidates for yet another year as one of the world leaders in dividend yield, which stands at 4.1%. Its historical average over the last 30 years is 4%, the highest among its comparables,” BME indicates.
The manager of the stock market has argued that only with the fifteen more payments that have already been reported by companies listed on the Spanish stock market between now and the end of the year for a global amount close to 2,055 million additional euros, we would be talking about a year-end. close to a dividend distribution of 30,000 million euros. Specifically, the shareholder remuneration reaches 29,498 million euros.
Linked to the policy of rewarding shareholders and increasing the value of their shares, BME has focused on the fact that the available data indicates that throughout 2023 the listed companies have continued to execute share repurchase and subsequent amortization programs that complement the returns derived from investing in shares.
Thus, until November 2023, listed companies have maintained the trend of the previous year, redeeming shares for a market value of 11,823 million euros through 27 operationswhich implies 7.3% more than in the same period of 2022.
BME has explained that this behavior is mainly due to the operations carried out by the Spanish banking sectorsuch as, for example, those carried out by CaixaBank, Santander Bank y BBVAwhich together have amortized capital for a value of 4,687 million euros.
For all this, BME has exemplified that if we add both remuneration items in the Spanish stock market (dividends and buybacks) we are talking about a year-end where remuneration will exceed 40,000 million euros, while the historical maximum dates 2014, when a total remuneration of 44,315 million euros was executed for both concepts.
Capitalization returns to five-year highs
BME has stated that the level of capitalization of the Spanish stock market is very close to the maximums reached in the last five years (1.2 trillion euros at the start of 2018), since, at the end of November, the total capitalization of the stock market reached 1.18 trillion euros, a value 14.64% higher than that registered in December 2022 and supported by the 11.65% increase in the capitalization of Spanish securities and a 19.21% increase in that of foreign companies listed on BME platforms.
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The manager has pointed to the banking sector as one of the great architects of this progress: “In 2023 the banking sector has recovered its first position, almost historicas a group of companies with the highest market value on the Spanish stock market after transferring it to the electricity and gas sector in the year of the pandemic.
In this way, BME records indicate that currently the financial sector capitalizes 189,775 million euros, which is almost 23% of the total value of listed Spanish companies, 7 points more than three years ago and 3 below before. of the great adjustment imposed by the financial crisis in 2012.
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