Mapfre confirmed this morning, while presenting its quarterly results , the payment of a gross dividend of 0.0606 euros per share to be paid on November 30. Check here the calendar of upcoming dividends for the Spanish stock market
The payment will be the first to be made against the results of 2021, and will beat the remuneration that was given in December last year as the first interim dividend by 20%. This amounted to 0.0505 euros gross per share.
The consensus expects the insurer’s dividend charged to 2021 to reach 0.137 euros per share, offering a return at current prices of 7.6%.
The second of the payments foreseen by the analysts, for the month of June, stands at 0.077 euros, although a possible revision is not ruled out since the amount that the consensus estimated for the first of the payments (the one now announced in November) was lower than that confirmed by the firm since traditionally it has always been this way. Last year, the dividend received by shareholders was 0.1363 euros gross, which represents an increase of 0.5%.
If this amount is confirmed, Mapfre would be 6.4% from beating the pre-Covid dividend , with the 0.137 gross euros expected between the first payment already confirmed and the estimate for the complementary dividend for next year. With a charge to 2019, the insurer distributed 0.1464 euros.
In order to access the payment on November 30, you must have shares of the company before the 26 of that month, the date on which the securities will already be listed without the right to receive the dividend.
Mapfre registered a net profit of 524 million euros during the first nine months of this year, which represents an increase of 16.4% compared to the same period of the previous year. Mapfre’s income exceeded 19,783 million euros, an increase of 3.8%, thanks to a 7% rise in premiums in euros (7.1% without the negative effect of currency and the positive effect of the policy biennial of Mexico), until reaching 16,632 million euros.