In this section of the page, you will find all the information you need to understand how Red Eléctrica (RED) dividends work. In addition, you will be able to consult the payment date, the ex-dividend date, the last day to be entitled to the payment, the money to be received per share, the yield and any other doubts that may arise.

Upcoming Red Eléctrica dividend
Change(%)
-62.51%
Decrease
Next payment 0.2727€
Next payment date Jan 5, 2024
Last payment 0.7273€
Last payment date Jul 3, 2023
00 D 00 H 00 M 00 S
Ex-Dividend: 1/3/24
Confirmed

Red Eléctrica will distribute 0,2727 euros per share in the form of a dividend on January 5, 2024.

The January 3, 2024 is the ex-dividend date. So if you wish to receive Red Eléctrica dividends, you must buy one day before this date.

Red Eléctrica distributed 0.7273 euros per share in the form of a dividend on July 3, 2023.

Red Eléctrica has maintained a stable dividend distribution policy in recent years, paying an annual dividend of close to one euro. The distribution for the year is divided into two dates: one in January and the other in July.

In addition, Red Eléctrica announced an increase in shareholder remuneration in 2023 by paying 1 euro per share. This implies an increase of 0.20 euros compared to the amount established by the group in its Strategic Plan from 2021 to 2025.

This decision followed the sale of a 49% minority stake in one of its subsidiaries (Reintel) for EUR 995.6 million.

Payout Ratio Red Eléctrica Dividends

Red Eléctrica paid 8% of its net income in the last fiscal period as dividends.
Dividend payout ratio

The dividend payout ratio, also known as the payout ratio, is an essential indicator for assessing the stability of a company's dividends. This ratio shows what proportion of the company's net profit is used to pay dividends to shareholders.

Dividend payout ratio = Total dividends ÷ Net income

Red Eléctrica's earnings (2,097,438,976.00€) are sufficient to cover the dividend payment. This payment represents 8% of the total net profit of RED.
Dividend payout ratio
General recommendations

An appropriate payout ratio may vary depending on the industry, the company's growth stage and its financial health.

Payout Ratio

Dividend calendar of Red Eléctrica

This is the Dividend Calendar of Red Eléctrica in 2023.

Event Day
Last trading date January 2, 2024
Ex-Dividend (Ex-Date) January 3, 2024
Record date January 4, 2024
Date of payment January 5, 2024
Dividends schedule Red Eléctrica
Data confirmed by the company Red Eléctrica (RED).
Confirmed
Estimation Policy

This data has been verified by Red Eléctrica's General Shareholders' Meeting.

Source

Historical annual dividend yields of Red Eléctrica

Over the past 5 years, Red Eléctrica has not consistently increased the annual dividend amount.
Increasing Dividends
Increasing Dividend Program

For a company to have growing dividends by our standards, the annual dividend amount must have increased steadily for at least the last 5 years.

Dividend yield

Dividend yield of Red Eléctrica vs. the sector

Red Eléctrica's dividend yield (6.53%) is above the sector average (4.80%).
Comparison with industry average
Comparison with industry average

The company's dividend yield is compared to the industry average to determine its positioning.

Red Eléctrica's dividend yield is between the top 25% (7.16%) and top 75% (0.88%) of the sector.
Evaluation with respect to competence.
Comparison with competitors

Imagine you have a list of dividend yields for different companies in an industry. If you look for the "top 25%% percentile", you will find a number. This number tells you that the top 25%% of the companies with the highest dividends have a yield higher than that number.

On the other hand, the "top 75%% percentile" shows you another number, which tells you that 75%% of the companies have a higher yield than that number, thus showing a more common and less high yield.

Dividend yield history in Red Eléctrica

Over the past 5 years, Red Eléctrica's annual dividend income has fallen by more than 10%.
Dividend stability
Dividend stability

For a company to have stable dividends by our standards, it is vital that it has not had an annual decline of more than 10% over the previous year.

Dividend history of Red Eléctrica

In this table you can see the dividend history of Red Eléctrica:

YearEx-DividendAmountTotal
2023
06/29/2023
01/05/2023
0.7273 €
0.2727 €
1 €
2022
06/29/2022
01/05/2022
0.7273 €
0.2727 €
1 €
2021
06/30/2021
06/29/2021
01/05/2021
0.7273 €
0.7273 €
0.2727 €
1.7273 €
2020
06/29/2020
01/03/2020
0.7792 €
0.2727 €
1.0519 €
2019
06/27/2019
01/04/2019
0.7104 €
0.2727 €
0.9831 €
2018
06/28/2018
01/03/2018
0.6639 €
0.2549 €
0.9188 €
2017
06/29/2017
01/03/2017
0.6205 €
0.2382 €
0.8587 €
2016
06/28/2016
01/04/2016
0.57985 €
0.22265 €
0.8025 €
2015
07/01/2015
01/02/2015
0.541925 €
0.208075 €
0.75 €
2014
07/01/2014
01/02/2014
0.454625 €
0.180925 €
0.63555 €
2013
07/01/2013
01/02/2013
0.422175 €
0.1691 €
0.591275 €
2012
07/02/2012
01/02/2012
0.384 €
0.1691 €
0.5531 €
2011
07/01/2011
01/03/2011
0.321725 €
0.14705 €
0.468775 €
2010
07/01/2010
01/04/2010
0.24165 €
0.127875 €
0.369525 €
2009
07/01/2009
01/02/2009
0.20775 €
0.112175 €
0.319925 €
2008
07/01/2008
01/02/2008
0.175075 €
0.0967 €
0.271775 €
2007
07/02/2007
07/01/2007
01/02/2007
0.14335 €
0.117547 €
0.08125 €
0.342147 €
2006
07/03/2006
01/02/2006
0.1149 €
0.0677 €
0.1826 €
2005
07/01/2005
01/03/2005
0.094075 €
0.059375 €
0.15345 €
2004
07/01/2004
01/02/2004
0.084 €
0.053 €
0.137 €
2003
07/01/2003
01/03/2003
0.0725 €
0.0475 €
0.12 €
2002
07/02/2002
01/03/2002
0.06875 €
0.045 €
0.11375 €
2001
07/03/2001
01/02/2001
0.06125 €
0.0425 €
0.10375 €
2000
07/03/2000
0.05375 €
0.05375 €
Dividend history of Red Eléctrica

Red Eléctrica dividend capture strategy

Step 1: Buy Red Eléctrica shares (RED) one day before ex-dividend date
Date of purchase Jan 2, 2024
Next ex-dividend date Jan 3, 2024
Step 2: Sell Red Eléctrica shares (RED) when the price recovers.
Date of sale (estimated) Jan 23, 2024
Average price recovery 20 days
Average return on cost 2.66%
The dividend capture strategy is based on historical Red Eléctrica data. Past performance is no guarantee of future results.

Information about Red Eléctrica

Full name Redeia Corporación, S.A.
Ticker RED
Sector Public Services
Industry Utilities - Regulated Electric
Market Capitalization 8.31B €
ISIN N/A
Number of Employees 2,442
Address Paseo del Conde de los Gaitanes, 177, Alcobendas, 28109, Spain
Phone 34 916 50 85 00
Website https://www.ree.es
Description of the company

Red Eléctrica de España (REE) is a Spanish company engaged in the transmission and management of the electricity system in Spain. It currently belongs to the IBEX35 and is listed on both the Madrid Stock Exchange and the New York Stock Exchange.

It is responsible for guaranteeing the electricity supply throughout Spain and ensuring the security of the national electricity system. It is also regulated by the Ministry of Ecological Transition and the Spanish Government.

The company, privatized in 1999, currently has a transmission network of more than 22,000 kilometers, connecting all regions of Spain. It is also present in other European and Latin American countries through its subsidiaries.

In the last year Red Eléctrica Group has changed its name to Redeia.

Frequently asked questions about Red Eléctrica dividends

Red Eléctrica pays dividends on a Semiannual basis.

Red Eléctrica is listed on the Madrid Stock Exchange and is part of the Ibex35.

Red Eléctrica has the Ticker or stock code RED.

Red Eléctrica belongs to the Public Services sector and the Utilities - Regulated Electric industry.

The CEO of Red Eléctrica in 2023 is Mr. Roberto García Merino.

At this moment, the value of a Red Eléctrica share is 15.40€.

Red Eléctrica does not have a growing dividend program. Dividends have not shown a steady growth in the last 5 years.

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