Inditex’s founder and first shareholder, Amancio Ortega, will include this Tuesday, May 2, a total of 1,108.5 million euros for the first remuneration of the year that Inditex will pay to its shareholders, which makes up half of what it will receive in dividends. from the Galician company this year.

In particular, the entrepreneur will receive this year a dividend of 2.217 million euros from the company, on top of the 1.718 million he received for this concept last year.

In total, the company will reward its shareholders this year with more than 3,730 million euros, after increasing its dividend by 29%, to 1.2 euros per share.

Specifically, Inditex’s dividend policy consists of an ordinary ‘payout’ of 60% of profits and an additional extraordinary dividend.

Accordingly, the board of directors will propose to the general meeting of shareholders a dividend increase of 29% to 1.2 euros per share, consisting of an ordinary dividend of 0.796 euros and an extraordinary dividend of 0.404 euros per share.

The dividends consist of two equal payments: on 2 May 2023, a payment of 0.60 euros per share, corresponding to the ordinary dividend, and on 2 November 2023, a payment of 0.60 euros per share (0.196 euros ordinary plus 0.404 euros extraordinary).

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

In fact, his most recent purchase was the BBC’s former London headquarters for around 82 million pounds (about 93 million euros) in mid-April.

In this way, Inditex’s founder became the owner of the property, located at 33 Foley Street, owned by Abrdán.

The purchase comes days after it acquired a building with 120 luxury apartments for rent in the South Dublin harbor area for over 100 million euros.

Inditex’s founder invests part of the dividends he receives from textile companies in the real estate sector through his investment company Pontegadea Inmobiliaria.

Ortega owns Spain’s largest real estate agency, focused on buying and managing large buildings, with a portfolio of real estate assets consisting primarily of non-residential office buildings located in the centers of major cities in Spain, the United Kingdom, the United States and Asia. .