After reporting the strongest annual results in its history, with record revenues of €920 million (+20% over last year) and net profit of €105 million (+13%), the AEDAS Homes Board of Directors will propose the distribution of up to €94 million in dividends out of FY 2022/23 results at the upcoming Annual General Meeting, scheduled for 20 July 2023. The proposed amount is equivalent to €2.15 per share, representing a payout ratio of around 90% of net profit and making it one of the most attractive dividends in the real estate sector and on the Spanish Stock Market.
The company, which already paid out €1.00 per share as an interim dividend on 31 March 2023, will distribute a complementary dividend of €1.15 per share at the end of July if approved at the Annual General Meeting.
This dividend, in line with the homebuilder’s dividend distribution policy consisting of the distribution of 50% of annual net profit as an ordinary dividend, with the possibility of a supplementary extraordinary dividend, provided that the Loan to Value stays below 20%, is another example of AEDAS Homes’ firm commitment to maximizing shareholder returns in a stable way while maintaining a solid financial underpinning
