News

2022-01-05 03:54:00.0

Iberdrola raises interim dividend to 0.170 euros gross per share

•    This interim dividend, charged to 2021 earnings, will be supplemented by the final dividend that the group expects to pay in July, if approved by the General Meeting of Shareholders.

•    In this new edition of the optional dividend system 'Iberdrola Retribución Flexible', the company's shareholders will be able to choose between receiving their remuneration in cash - to be paid on 1 February - selling their rights on the market or obtaining shares in the company free of charge.

•    In order to receive a new share in the group, shareholders must hold 60 free allotment rights.
 

Iberdrola's interim dividend for 2021 will amount to EUR 0.170 gross per share, as announced today by the Spanish National Securities Market Commission (CNMV). Investors opting for the cash dividend will receive the corresponding amount on 1 February.

The company once again offers its shareholders three options in this edition of Iberdrola Flexible Remuneration: to receive the interim dividend in cash - the aforementioned 0.170 euros gross per share -; to sell their allocation rights on the market; or to obtain new bonus shares in the group free of charge. 

This interim dividend for 2021 will be completed with the final dividend that the company expects to pay in July, if approved by the company's General Shareholders' Meeting. 

Shareholders who opt for the option to receive new shares must hold 60 free allotment rights in order to receive a new share in the company.  

The three options - collecting the interim dividend in cash, selling the rights in the market or receiving new Iberdrola shares - are combinable, so the shareholder could choose one of the alternatives or combine them according to his or her preferences. 

The Iberdrola Flexible Remuneration system assigns by default the option to receive new shares, so those shareholders who prefer to receive their remuneration in cash must notify their bank between 10 and 24 January.

In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of 1,099 million euros will be carried out. 

Dividend Calendar

7 January 2022

Publication of the announcement of the implementation of the Capital Increase. Last day on which Iberdrola shares are traded with the right to participate in the "Iberdrola Retribución Flexible" system.

10 January 2022

Ex-dividend reference date as from which Iberdrola shares are traded without the right to participate in the "Iberdrola Flexible Remuneration" system. Beginning of the Common Election Period and of the trading period of the free-of-charge allocation rights.

11 January 2022

Reference date for determining the shareholders of the Company that will have the right to participate in the "Iberdrola Flexible Remuneration" system.

24 January 2022

End of the Election Period and of the trading period for the free allotment rights.

1 February 2022

Payment of the Interim Dividend to shareholders who have opted to receive cash through this option.  Expected date of registration of the new shares to be issued by virtue of the Capital Increase in the accounting records of "Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U." (IBERCLEAR). (IBERCLEAR).

2 February 2022

Estimated date for the start of trading of the new shares.
 

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