Red Eléctrica Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,687 kilometers; and has 93,871 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; telecommunications infrastructure services to telecommunications operators comprising leasing of dark fiber; and line and sub-station maintenance services. In addition, it manages and constructs energy storage facilities and the water cycle; operates satellite communications system and offers space segment services for the geostationary orbital slots; sells and leases satellites and spatial capacity; and offers technical consultancy and satellite telecommunications services. The company was incorporated in 1985 and is based in Alcobendas, Spain.
Red Eléctrica Corporación Dividend Announcement
• Red Eléctrica Corporación announced a semi annually dividend of $0.42 per ordinary share which will be made payable on 2024-07-16. Ex dividend date: 2024-06-28
• Red Eléctrica Corporación annual dividend for 2024 was $0.58
• Red Eléctrica Corporación annual dividend for 2023 was $0.57
• Red Eléctrica Corporación's trailing twelve-month (TTM) dividend yield is 6.86%
• Red Eléctrica Corporación's payout ratio for the trailing twelve months (TTM) is 121.93%
• Red Eléctrica Corporación's dividend growth over the last five years (2018-2023) was 1.20% year
• Red Eléctrica Corporación's dividend growth over the last ten years (2013-2023) was -3.82% year
Red Eléctrica Corporación Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-28 | $0.42 | semi annually | 2024-07-16 |
2024-01-03 | $0.16 | semi annually | 2024-01-22 |
2023-06-29 | $0.43 | semi annually | 2023-07-18 |
2023-01-05 | $0.14 | semi annually | 2023-01-24 |
2022-06-29 | $0.38 | semi annually | 2022-07-18 |
2022-01-05 | $0.17 | semi annually | 2022-01-24 |
2021-06-30 | $0.61 | semi annually | 2021-07-19 |
2021-01-05 | $0.17 | semi annually | 2021-01-22 |
2020-06-29 | $0.44 | semi annually | 2020-07-16 |
2020-01-03 | $0.15 | semi annually | 2020-01-22 |
2019-06-27 | $0.40 | semi annually | 2019-07-16 |
2019-01-04 | $0.16 | semi annually | 2019-01-23 |
2018-06-28 | $0.39 | semi annually | 2018-07-17 |
2018-01-03 | $0.15 | semi annually | 2018-01-22 |
2017-06-28 | $0.35 | semi annually | 2017-07-18 |
2016-12-30 | $0.12 | semi annually | 2017-01-20 |
2016-06-28 | $0.58 | semi annually | 2016-07-18 |
2015-12-30 | $0.21 | semi annually | 2016-01-19 |
2015-06-26 | $0.53 | semi annually | 2015-07-16 |
2014-12-31 | $0.26 | semi annually | 2015-01-20 |
2014-06-26 | $0.69 | semi annually | 2014-07-16 |
2013-12-27 | $0.27 | semi annually | 2014-01-17 |
2013-06-26 | $0.57 | semi annually | 2013-07-16 |
Red Eléctrica Corporación Dividend per year
Red Eléctrica Corporación Dividend growth
Red Eléctrica Corporación Dividend Yield
Red Eléctrica Corporación current trailing twelve-month (TTM) dividend yield is 6.86%. Interested in purchasing Red Eléctrica Corporación stock? Use our calculator to estimate your expected dividend yield:
Red Eléctrica Corporación Financial Ratios
Red Eléctrica Corporación Dividend FAQ
Other factors to consider when evaluating Red Eléctrica Corporación as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Red Eléctrica Corporación's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Red Eléctrica Corporación publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Red Eléctrica Corporación distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Red Eléctrica Corporación are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Red Eléctrica Corporación sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Red Eléctrica Corporación distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Red Eléctrica Corporación declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Red Eléctrica Corporación's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Red Eléctrica Corporación's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.