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Dividend calculator

In 2010 Iberdrola implemented the "Iberdrola Flexible Dividend" programme, which replaced traditional payments of the interim dividend and the supplemental dividend with increases in share capital by means of a scrip issue. Therefore, the amount of the dividend set forth in the calculator includes fixed price to be paid to the shareholders for the transfer of their free-of-charge allocation rights to Iberdrola on occasion of each capital increase.