Amancio Ortega income 1,108.5 million through dividends, half of what he will receive this year

Specifically, this year the businessman will receive 2,217 million euros in profits from the company, on top of the 1,718 million euros he received for the concept last year.

the total, The company will reward its shareholders more than 3,730 million euros this yearAfter the dividend increased by 29% to reach 1.2 euros per share.

Specifically, Inditex’s dividend policy consists of an ordinary “payout” of 60% of earnings and an additional distribution of extraordinary dividends.

Thus, the Board of Directors will propose to the general meeting of shareholders an increase of 29% in the dividend amounting to 1.2 EUR per share, consisting of an ordinary dividend of 0.796 EUR and an extraordinary dividend of 0.404 EUR per share.

The dividend consists of two equal payments: on May 2, 2023, a payment of €0.60 per share, consistent with an ordinary dividend, and on November 2, 2023, a payment of €0.60 per share (€0.196 ordinary plus €0.404 extraordinary).

The Inditex founder, who will receive more than 1,100 million euros in dividends on Tuesday through Pontegadea Inversiones and Partler, with which he controls 59.294% of the textile group, the equivalent of a package of 1,848 million euros, is investing part of the profits. You receive from Inditex in the real estate business.

In fact, his latest purchase was the former headquarters of the BBC in London for around £82m (about €93m) in mid-April.

In this way, the founder of Inditex becomes the owner of the aforementioned property, located at No. 33 Foley Street, owned by Abrdán.

The purchase was made days after a building of 120 luxury apartments to rent in South Dublin’s harbor area was acquired for more than €100m.

The founder of Inditex invests part of the profits he receives from the textile company in the real estate sector through his investment company Pontegadea Inmobiliaria.

Ortega owns the largest Spanish real estate agency, focused on the purchase and management of large buildings, with a portfolio of real estate assets consisting primarily of non-residential office buildings located in major city centers in Spain, the United Kingdom, the United States and Asia.