The economic recovery and, above all, the return of corporate profits are beginning to be reflected in the shareholder remuneration policies of Spanish listed companies. Thus, of the 35 companies that make up the Ibex, eight offer an estimated dividend yield for 2021 above 5%.
The ranking is led by Enagás, one of the securities that traditionally has a higher dividend yield. The gas company offers 9.36%. And it is that during the presentation of the results of last week the company ratified its commitment to remuneration to the shareholder until 2026. This year, the group will propose a dividend corresponding to 2020 of 1.68 gross euros per share, which represents an increase 5% per year. For the next period, between 2021 and 2026, the increase in the dividend will be 1%.
It is closely followed by Telefónica. The Spanish operator has a 2021 dividend yield close to 8%. In fact, the company chaired by José María Álvarez-Pallete has already started the process for the payment of the second tranche of its annual dividend, of 0.20 euros gross per share, under the form of scrip dividend, which allows it to distribute part of the profit while limiting the cash outflow. The previous tranche, for the same amount, was paid last December.
Mapfre occupies the third place. And it is that the Spanish insurer offers a dividend yield that exceeds 7%. According to data from BME, the insurer would pay a coupon of 0.075 euros gross per share on May 24, a supplement to 2020.
Naturgy also offers a dividend yield of around 7% and as predicted by the Factset consensus provided by Link Securities, this year it will distribute 1.51 euros gross for each share.
ACS is close to the 6% yield per dividend estimated for this year. The company, chaired by Florentino Pérez, one of the regulars to pay shareholders through the scrip dividend formula, distributed a coupon last February and the consensus estimates are that it will pay 1.88 gross euros per share this year.
Red Eléctrica is another of the securities with the highest profitability per insured dividend on the Spanish Stock Exchange. The company, which last week published an improvement in its accounts of 4.9% in the first quarter of the year, paid a dividend last January. The next cast is already dated. It will be on July 1 and the amount is 0.7273 euros gross for each share.
Power company Endesa also has an attractive dividend yield of 5.8%. According to BME’s forecasts, the company plans to pay out a gross dividend of 1.31 euros per share in July after making another payment last January.
Repsol is another of the energy companies that sneaks into the top positions of the ranking, with 5%. The Spanish oil company is another one that will pay in the summer. The company will distribute a complementary coupon of 2020 results on July 7. The amount of the same amounts to 0.3 euros gross per title. During the last shareholders’ meeting, the company opted for shareholder compensation and announced that it will combine cash payments with the repurchase of shares in the coming years until reaching a distribution of more than one euro per share in 2025.