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Iberdrola, a Benchmark stock
Iberdrola shares are listed on all four Spanish stock markets and are traded through the electronic continuous market (Spanish Stock Exchange). The company also has an ADR (American Depositary Receipt) program sponsored by Bank of New York Mellon and its subsidiary Avangrid is listed on the NYSE (New York Stock Exchange). Furthermore, its subsidiary Neoenergia is listed in the Brazilian Stock Exchange.
Iberdrola is also part of over 65 internationals indices such as the Dow Jones Euro Stoxx 50, made up of the fifty largest and most liquid stocks in the euro zone, or the Dow Jones Sustainability Index, which brings together companies with the best sustainability profile.
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IBE-MADRID STOCK EXCHANGE
Iberdrola is one of the ten companies that have consistently been included in the IBEX-35 index since it was created on 14 January 1992. You can consult the historical data on Iberdrola's share price here.
The company is also one of the largest electricity companies in the world by market capitalisation and its share capital amounts to 4,813,617,000.00 euros, represented by 6,418,156,000 shares with a face value of 0.75 euros each, fully subscribed and disbursed.
Shareholders' remuneration is usually paid twice a year (January and July) through the Iberdrola Retribución Flexible optional dividend scheme, which allows them to choose whether they prefer to receive all or part of their remuneration in shares released from the company or in cash (or combine these options according to their needs).
Iberdrola shares are listed on the New York Stock Exchange (NYSE) in the form of American Depositary Receipts (ADRs), which are US negotiable instruments representing securities in a company constituted outside the US.
In the case of Iberdrola, the ADR programme is Level 1, which means that they are not negotiable on an organised market, but are negotiated OTC (“over-the-counter”) through the bank sponsoring the programme (JP Morgan).
On 17 December 2015, Ignacio Sánchez Galán kicked off the New York Stock Exchange's trading day by ringing the traditional bell on the occasion of the NYSE début of Avangrid, Iberdrola's American subsidiary, under the AGR ticker (stock symbol). Avangrid is a sustainable company with $32 billion in assets and 6,500 employees operating in 24 states throughout the United States.
In Brazil, the Iberdrola group completed one of the most important corporate operations in its recent history in August 2017 with the incorporation of all Elektro Holding's businesses into Neoenergia, thus creating the largest electricity company in the country and the biggest in Latin America by number of customers.
Neoenergia shares began trading on the São Paulo Stock Exchange on 1 July 2019, representing the largest annual placement of its kind - Initial Public Offering (IPO) - and the largest in the Brazilian energy sector since 2000.
Following the success of the offer, the structure of Neoenergia's share capital was changed so that Iberdrola controlled 50% + 1 share.