- Dividend yield in Spain at record levels: close to 10%, and the highest of the world’s developed markets
- Since 2000, shareholder remuneration has totalled €253.5 billion
In 1H12, the companies listed on the Spanish stock market paid their shareholders dividends and other shareholder remuneration of €16.08 billion, 8.53% more than in the same period in 2011 and a half-yearly record. The €15.88 billion distributed in dividends, also represents the highest pay out ever for the period, according to a BME report published today.
Listed Spanish companies have continued with a policy of favourable and regular remuneration to shareholders, including cash payments and other methods, the most popular lately has been the use of “scrip dividends”. The payment of dividends in the form of shares is becoming increasingly more widespread and the €4.13 billion scrip dividend payments made in 1H12 were twice the amount registered in the corresponding period last year.
At the end of June, 8 companies had a dividend yield ratio above double digits and 23 others offered yields greater than that of 10-year Treasury bonds. At almost 10%, dividend yield in Spain is at record levels and the highest of the world’s developed markets.
According to the report, over the last 12 months, the General Shareholders' Meetings of the listed companies in Spain have approved a total pay-out to shareholders, through various methods, equivalent to 70.6% of the profits they generated in 2011.
The full report can be found at:
http://www.bolsasymercados.es/esp/publicacion/revistaOnLine/index.htm