The Board of Directors of Neinor Homes has approved the distribution of a dividend of 125 million euros which will be distributed over the next four months. The total profitability of this remuneration reaches 11% and it also arrives in the midst of the collapse of SOCIMIs on the stock market due to the new Government tax. See the dividend schedule here.
As reported by the promoter, the distribution of this dividend will be carried out in two phases: the first 62.5 million euros will be distributed among shareholders between December 2024 and January 2025; The remaining 62.5 million euros will be received by investors during the first three months of the following year. Investors will receive 1.67 euros gross for each share held in each of these phases.
This remuneration is part of the Strategic Plan announced by the company last year in which it expected to distribute 600 million euros in dividends until 2027. Of those 600 million, they planned to distribute 450 million in three years, from the announcement in 2023. Already in 2023, the company distributed 37.7 and 39.7 million euros in dividends. In 2024, the firm advanced a dividend of 75 million euros to which this new remuneration is now added. So, Charged to the profits generated this year, the dividend would amount to 200 million euros. In these two years alone, the company would have distributed 46% of those 600 million committed.
The promoter continues to consolidate itself as the company on the Spanish stock market with the most profitable dividend. “The complete package is 600 million, with a very strong injection in the first three years, with 450 million. At this time Neinor is the Spanish listed company with a plan for greater shareholder remuneration. This is the time to enter and get on the bandwagon to be in the company collecting dividends, since The profitability per share will be, depending on the value of the securities, between 15% and 20%“Borja García-Egotxeaga, CEO of Neinor Homes, explained in an interview with elEconomista.es.
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