Amancio Ortega will enter 1,718 million in dividends from Inditex after collecting 859 million this week

MADRID, 30 Oct.

Amancio Ortega will enter 1,718 million in dividends from Inditex after collecting 859 million this week


The founder and main shareholder of Inditex, Amancio Ortega, will enter this year a total of 1,718 million euros in dividends from the company when he collects this Wednesday, November 2, 859 million euros for the last remuneration of the year that will be paid by the Galician firm to its shareholders.

Specifically, the businessman will receive this year more than 1,700 million euros in dividends from the textile company, above the 1,294 million he received for this concept last year.

In total, the company will pay its shareholders 2,898 million euros this year, after raising the dividend by 33%, to 0.93 euros per share, made up of an ordinary dividend of 0.63 euros and an extraordinary dividend of 0. €30 per share.

In this way, the payment of this dividend will be made in two equal payments, one already executed of 0.465 euros per share on May 2, and another of the same amount that the company will pay this Wednesday, November 2.

Additionally, the board agreed to establish an extraordinary dividend of 0.40 euros per share for the year 2022, which will be added to the ordinary dividend to be distributed throughout the year 2023.

The founder of Inditex, who will receive almost 860 million euros in dividends this Wednesday through the companies Pontegadea Inversiones and Partler, with which he controls 59.294% of the textile group, equivalent to a package of 1,848 million shares, invests part of the dividends it receives from Inditex in the real estate sector.

Ortega owns the largest Spanish real estate company, focused on the purchase and management of large buildings, with a portfolio of real estate assets made up mainly of non-residential office buildings located in the center of large cities in Spain, the United Kingdom, the United States and Asia. .

One of his latest operations has been the purchase of a luxury apartment skyscraper in New York for nearly 500 million dollars (505 million euros).

Specifically, the building acquired by Ortega, at number 19 Dutch Street, is a 64-story luxury tower in the financial district of New York City, owned by Carmel Partners.

So far this year, the founder of Inditex has bought an office building in Glasgow (Scotland) for 200 million pounds (about 237 million euros), as well as the iconic Royal Bank Plaza skyscraper in Toronto (Canada) for about of 1,150 million Canadian dollars (more than 874 million euros).

Added to these assets are other logistics assets in the United States: a platform occupied by the FedEx company in Menomonee Falls in Wisconsin for an amount of 35 million dollars (about 34 million euros) and a distribution center in Philadelphia (Pennsylvania), for an amount of 148 million dollars (about 147 million euros).

For her part, her daughter Sandra Ortega, who owns 5.053% of the Galician firm, will collect more than 146 million euros in dividends from Inditex this year, half also this Wednesday.