The main shareholder of the owner of Zara will receive 1,700 million dividends

The founder and major shareholder of Inditex, Amancio Ortega, will receive a total of 1,718 million euros in the company’s profit this year, when, on Wednesday, the last shareholder bonus of the year, 859 million, will be made.

According to today’s Europa Press, the more than 1,700 million euros that the entrepreneur will receive this year from the profits of the Galician textile group exceeds the 1,294 million euros raised last year.

In total, the company – which owns brands such as Zara, Bershka, Stradivarius and Pull and Bear – will pay its shareholders €2898 million this year, after increasing earnings by 33% to €0.93 per share, which includes an ordinary dividend of €0.63 and a dividend. Exceptional 0.30 euros per share.

These dividends will be paid in two equal installments: one already implemented on May 2, at €0.465 per share, and the other in the same amount, which the company will settle on Wednesday, November 2nd.

In addition, Inditex’s Board of Directors has decided to allocate an extraordinary dividend of €0.40 per share for the year 2022, which will be added to the ordinary dividend for distribution throughout the year 2023.

The founder of Inditex, who on Wednesday will receive approximately 860 million euros in dividends through the companies Pontegadea Inversiones and Partler, with whom he controls 59.294% of the textile group, equal to 1,848 million shares, invests part of the profits received in riyals. real estate sector.

Ortega owns the largest Spanish real estate company, specializing in the purchase and management of large properties, with an asset portfolio consisting primarily of non-residential office buildings located in the middle of major cities in Spain, the United Kingdom, the United States and Asia.

One of her last operations was the purchase of a luxury skyscraper in New York, for nearly $500 million (€505 million).

The building that Ortega acquired, at 19 Dutch Street, is a 64-story luxury tower located in New York’s financial district, owned by Carmel Partners.

This year, the founder of Inditex has already bought an office building in Glasgow (Scotland), for 200 million pounds (about 237 million euros), and the famous Royal Bank Plaza skyscraper in Toronto (Canada), for about 1150 million Canadian dollars. (more than 874 million euros).

These buildings are in addition to other logistics assets acquired in the United States: a platform operated by FedEx in Menomoney Falls, Wisconsin, for $35 million (about €34 million), and a distribution center in Philadelphia (Penn.) for $148 million ( about 147 million euros).

For her part, her daughter Sandra Ortega, who owns 5.053% of Galician, will receive more than 146 million euros in profits from Inditex this year, half of which will also be given on Wednesday.