Iberdrola will gather its minority shareholders in Bilbao on Monday, March 24, to bring the company closer to investors, as stated in a press release.
The electric company, led by Ignacio Galán, continues its meetings with shareholders with the aim of «bringing the company closer to investors». The mission of this initiative is to «promote a permanent, fluid, and close dialogue with shareholders, who are at the center of Iberdrola’s strategy.
On this occasion, Ignacio Cuenca, Director of Investor Relations at Iberdrola, will meet with shareholders at the Iberdrola Tower in Bilbao to present the company’s financial results for the past year. Later on, Iberdrola will hold more meetings focusing on different business areas that will feature other top executives.
The first meeting took place on January 28 in Valencia, where Eva Mancera, CEO of i-DE, the distribution company of the Iberdrola group, and Guillermo Raga, director of i-DE in the Eastern Region, explained to over fifty Valencian shareholders the «il.lumina» plan, in which Iberdrola will invest 100 million euros in redesigning the damaged distribution network following the storm on October 29.
These initiatives are part of the shareholder involvement policy approved by the Board of Directors ten years ago and reflected in the Bylaws, «with a special focus on small investors.»
Iberdrola has emphasized that it was a pioneer in introducing this strategy in the company’s management, which «seeks to involve all stakeholders in its business project, based on transparency, active listening, and effective dissemination of its activities.»
The company has recalled that it was one of the first listed companies to offer its investors a Shareholder Club with the aim of promoting «this permanent relationship channel and rewarding, with exclusive benefits, all those who have shown their support and trust in the company’s trajectory.
«GOOD PRACTICE»
As highlighted, over the years, this initiative has become a «good practice» adopted by other major companies listed on the Spanish Stock Exchange.
Likewise, it has emphasized that Iberdrola has «total commitment» to its shareholders and considers dividends a «key element.» In fact, the company has proposed to pay a gross dividend of 0.635 euros per share for the year 2024, reaching the target set for 2026 and 15% higher than the 0.553 euros per share distributed for the year 2023.
This amount will be added to the involvement dividend, once approved at the General Shareholders’ Meeting and if the planned involvement quorum is met.
Iberdrola has highlighted that one of the characteristics most valued by analysts of the company is its profitability. In fact, since 2001, Iberdrola’s share value has increased from 3.5 euros to over 14 euros and has distributed over 7.7 euros in dividends.
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