The Inditex dividend gives a return of 4.5% in the face of the stock market crash

Inditex has adopted a more dividend-oriented profile and for this, it has not only clarified its roadmap for this year, but has also left brushstrokes given for the next one, with an extraordinary 0.4 euros. The textile firm will pay two payments of the same amount on May 2 and November 2 of this year, until completing the expected annual disbursement of 0.93 euros gross (distributed in two installments of 0.465 euros). Check here the calendar of the next dividends in the stock market

This means placing the payment 33% above the 70 cents of last year, and at historical levels. The point is that Inditex’s payment has become sufficiently attractive, not only because of its amount but also because of the fall in its shares on the stock market, which have dropped 27% in the year and are the hardest hit on the Ibex.

Buying Inditex shares today below 21 euros implies returns of 4.5%. Its shares have been falling for four consecutive days after the presentation of its annual results, which did not convince analysts, and after the closure of its 515 stores in Russia (its second market after Spain) and the 85 it has in Ukraine. The objective, as stated this week by its CEO Óscar García Maceiras, is to reopen as soon as possible.

The trend in its shareholder remuneration will continue to rise. The only thing that the firm has already revealed is that, charged to the 2022/23 financial year, it will distribute an extraordinary payment of 0.40 euros, which is 10 cents above this year’s. Analysts forecast a dividend of 1.09 euros gross per share next year. If the expectation is met, it would increase by 17% and would be the highest in its history. At current prices, this payment means buying a dividend in 2023 that yields 5.3% at current prices. Bearing in mind that Inditex’s profit will beat 4,000 million euros in 2024 -at last-, and that the textile company distributes 60% of it among its shareholders, the dividend will increase progressively, up to 1,164 in 2024 and 1,233 in 2025.

Other nearby payments

Before the textile does, a good number of Spanish companies will pay their shareholders in the final stretch of the month of March, and throughout April. Bankinter will deliver next March 30 0.06 euros per share, which offer 1.1%. The last day to put it in the portfolio is Friday the 25th. And the payment of what was its insurance subsidiary, Línea Directa, is yet to be confirmed, which is expected to deliver 0.02 euros on the 31st. That amount rents 1.4 %.

They will open in April. Ebro Foods and Sabadell, with two separate payments on day 1, that of the pasta manufacturer, of 1.1%, and that of the bank, of 4.1% (see calendars to the right of these lines). Throughout the coming month, the leadership of profitability will correspond to CaixaBank, which on the 20th will distribute 0.15 euros per share, which allows the investor to pocket 4.6%.

For its part, BBVA offers 4.4% with its delivery on the 8th, which amounts to 0.23 euros. Among the most striking returns we also find that of Accionawith a dividend of 2.5%, which is still a forecast.