July 24, 2021

Inditex will pay 1.386 billion euros in dividends to its majority shareholder Amancio Ortega

Through

Europa Press

Translated by

Clementine Martin

Published on



2 nov. 2018

Inditex founder and main shareholder Amancio Ortega will receive a total of 1.386 billion euros in dividends from the company this year, including 693 million euros on Friday.

Inditex

Amancio Ortega will therefore receive almost 1.4 billion euros in dividends through its companies Pontegadea Inversiones and Partler, with which it controls 59.294% of Inditex shares. In 2017, he received 1.256 billion euros.

The Spanish group will distribute this year more than 2.3 billion euros to its shareholders thanks to the results of 2017, or 0.75 euros per share, 10.3% more than last year.

The company already paid an ordinary dividend of 0.375 euro per share last May, to which is added a second payment of the same amount in additional ordinary dividends and extraordinary dividends, made this Friday, November 2.

Amancio Ortega is the main shareholder of the textile giant, with a 59.294% stake equivalent to 1.848 billion shares.

For her part, her daughter, Sandra Ortega, owns 5.053% of the Galician firm and will this year receive more than 118 million euros in dividends from Inditex, against 107 million euros last year.

Inditex made a net profit of 668 million euros in the first quarter of the fiscal year 2018-2019 (from February 1 to April 30), an increase of 2% compared to the same period of the previous year.

The company’s total sales reached 5.654 billion euros, 2% more than last year, a new all-time high for the company. At constant exchange rates, turnover is up 7%, which, according to the Spanish firm, proves “solid” growth during the quarter, characterized by the impact of currencies.

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