Upcoming Red Eléctrica dividend
Change(%)
+170.37%
Increase
Next payment 0.73€
Next payment date Jul 1, 2024
Last payment 0.27€
Last payment date Jan 5, 2024
00 D 00 H 00 M 00 S
Ex-Dividend: 6/27/24
Confirmed

Red Eléctrica has scheduled the next dividend payment for July 1, 2024, with an amount of 0,73 euros per share.

To be eligible for dividends from Red Eléctrica (RED), buy before the Ex-dividend Date, June 27, 2024, and check your status for the Record Date, June 28, 2024.

Red Eléctrica made a dividend payment to its shareholders, being the amount 0.27 euros, on January 5, 2024.

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.
Red Eléctrica's earnings (2,062,823,040.00€) are sufficient to cover the dividend payment. This payment represents 8% of the total net profit of RED.
Dividend payout ratio
Payout Ratio

Dividend calendar of Red Eléctrica

These are the most important events of the Red Eléctrica calendar in 2024:

Event Day
Last trading date June 26, 2024
Ex-Dividend (Ex-Date) June 27, 2024
Record date June 28, 2024
Date of payment July 1, 2024
Data confirmed by the company Red Eléctrica (RED).
Confirmed
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
Dividend yield
Dividend yield of Red Eléctrica vs. the sector
Red Eléctrica's dividend yield (6.29%) is above the sector average (5.66%).
Comparison with industry average
Red Eléctrica's dividend yield is between the top 25% (8.19%) and top 75% (2.70%) of the sector.
Evaluation with respect to competence.
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 history of Red Eléctrica

In this table you can see the complete history:

YearEx-DividendAmountTotal
2024
01/03/2024
0.2727 €
0.2727 €
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 €
Red Eléctrica dividend capture strategy
Step 1: Buy Red Eléctrica shares (RED) one day before ex-dividend date
Date of purchase Jun 26, 2024
Next ex-dividend date Jun 27, 2024
Step 2: Sell Red Eléctrica shares (RED) when the price recovers.
Date of sale (estimated) Jul 12, 2024
Average price recovery 16 days
Average return on cost 2.59%
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 8.58B €
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 Semestral 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.

The CEO of Red Eléctrica in 2024 is Mr. Roberto García Merino.

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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