The founder and first shareholder of Inditex, Amancio OrtegaThis year, a total of 1,293.6 million euros will be paid in dividends from the company when it collects this Tuesday, November 2, 646.8 million euros for the last remuneration of the year that the Galician firm will pay to its shareholders. Specifically, the businessman will receive this year almost 1,300 million euros in dividends from the textile company, after 2020 in which it received almost 650 million euros for the only dividend paid by the textile giant that year in a context marked by the health crisis of the covid-19.
This year, the textile company will pay a dividend of 0.7 euros per share, 0.22 euros as an ordinary dividend and 0.48 euros as an extraordinary dividend, with a 60% ordinary payout and extraordinary dividends, which means doubling the payment made in November of last year. In this way, the payment of this dividend will be made in two equal payments, one already executed of 0.35 euros per share on May 3, and another of the same amount that the company will pay this Tuesday, November 2.
Related news
The founder of Inditex, which will receive almost 650 million euros in dividend this Tuesday through the companies Pontegadea Inversiones and Partler, with which it controls 59.294% of the textile group, equivalent to a package of 1,848 million shares, invests part of the dividends that receives from Inditex in the real estate sector. In fact, Ortega owns the largest Spanish real estate agency, focused on the sale and rental of large buildings, with a portfolio of real estate assets mainly made up of non-residential office buildings, located in the center of large cities in Spain, United Kingdom, United States. States and Asia. One of its latest purchases has been a new building in London, located in St. James Square, for about 190 million pounds (220 million euros), which continues to strengthen its real estate investments. For her part, her daughter Sandra Ortega, who owns 5.053% of the Galician firm, will receive this year more than 110 million euros in dividends from Inditex, half also this Tuesday. In total, the company will pay its shareholders more than 2,181 million euros this year as a dividend, of which half, 1,090 million euros, will be paid out this Tuesday.
Inditex registered a net profit of 1,106 million euros in its fiscal year 2020-2021 (from February 1, 2020 to January 31, 2021), which is 70% less than the previous year due to the impact of the coronavirus. Group sales stood at 20,402 million euros, limiting their fall to 28% (-24.5% without the currency impact), despite the fact that 100% of the stores were closed or with restricted hours and capacities during the year for the pandemic. For its part, the gross operating profit (ebitda) of the group chaired by Pablo Isla stood at 4,552 million euros, which is 40% less.
Reference-www.elperiodico.com