Neinor Homes has informed that the first payment of the distributions approved at the Extraordinary General Shareholders' Meeting held on 18 December will be made on 24 January 2025. The last trading day for shares entitled to this first payment will be 21 January 2025.
The total dividend amounts to EUR 125 million, representing a yield of 11%, and will be distributed in two equal payments of EUR 62.5 million. Each payment will pay out €0.83 gross per share, equivalent to €0.8217 net. The second payment is scheduled for March 2025, at a date to be confirmed.
Both payments will be made by means of capital reductions with the return of contributions to shareholders, following the model used in previous years. These operations will be subject to a 1% tax on the value of the contributions, which Neinor will withhold and self-assess to the Bizkaia tax authorities.
Neinor Homes expects to distribute a total of 250 million euros over the next 15 months, equivalent to 3.32 euros per share and a cumulative return of 21%. With the payment of the 125 million euros approved this week, the company will complete the distribution of 200 million euros corresponding to the 2024 fiscal year, reaching 54% of the target of its 2023-2027 Strategic Plan, which envisages distributing 600 million euros to its shareholders.
For the 2025 fiscal year, Neinor expects to distribute another 125 million euros, whose dividend per share will also be 1.66 euros, until the first quarter of 2026.
