Amancio Ortega, the founder and largest shareholder of Inditex with 59.29% of the share capital, will receive this year from its participation in the company around 1,100 million euros (554.4 today), while her daughter, Sandra Ortega will receive 94.2 million, half of them this Wednesday.
Amancio Ortega is the main investor of the textile group Spanish. Photo File: Reuters
Amancio Ortega, the founder and largest shareholder of Inditex with 59.29% of the share capital, will receive this year from its participation in the company around 1,100 million euros (554.4 today), while her daughter, Sandra Ortega will receive 94.2 million, half of them this Wednesday.
The textile group to be paid on the 2nd of November, two dividends, one of ordinary character supplementary and one extraordinary, for the year 2015.
it Is the last two payments to the shareholder that the company chaired by Paul Island to perform, linked to the results of the past year, when Inditex earned a profit of 2,875 million euros.
unlike other exercises, this year Inditex has divided into three the remuneration to its shareholders.
So, last may 3, he delivered 0.30 euros per title; and this Wednesday will distribute another 0.30 euros in two dividends, one regular companion of 0.16 euros per title and other extraordinary 0.14 euro.
In total, Inditex will distribute this year 1,870 million euros, 60 cents per share, after raising the dividend by 15.4% compared to 0.52 euros, which was paid in the year 2014.
The past year, the chairman of Inditex, Pablo Isla, said during a presentation of the results with analysts, the company would be increasing the dividend in line with the evolution of the results of the company.
In the last results presented, for the first half of its fiscal year (i.e., February to August 2016), Inditex achieved a profit of 1,256 million euros, 8% more than in the same period of the previous year.
The only winner of the Ibex 35
Between 1 February to 31 July, the owner of Zara, Massimo Dutti, Zara Home and Oysho, among other brands, increased its sales by 11 per cent, to 10,465 million euros.
On the Stock exchange, Inditex is unique in that the values of the Ibex35, which presents a positive valuation in the year. Their titles hovering around 32 euros, with a market capitalization higher than 99,265 million euros.
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