×
67 737
Fashion Jobs
LULULEMON
Asset Protection Lead - Boston Seaport
Permanent · Boston
ESTEE LAUDER
Manager, Marketing el Travel Retail (Makeup & Fragrance)
Permanent · New York
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Fifth Avenue
Permanent · New York
ABERCROMBIE AND FITCH CO.
Lead Auditor - Data, Technology, & Compliance Risk (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Lead Auditor - Operational & Compliance
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Seattle Outlets
Permanent · Marysville
MICHAEL KORS
Full-Time Sales Supervisor - Keystone, il
Permanent · Indianapolis
NORDSTROM
Area Manager Warehouse - 3rd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Area Manager Warehouse - 2nd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Manager - Asset Protection - Chestnut Rack
Permanent · Philadelphia
NORDSTROM
Senior Manager of Merchandise Inventory - Replenishment
Permanent · Seattle
NORDSTROM
Asset Protection - Security Ambassador - Irvine Spectrum Center
Permanent · Irvine
NORDSTROM
Asset Protection - Agent - Market Street Rack
Permanent · San Francisco
NORDSTROM
Asset Protection - Security Ambassador - Market Street Rack
Permanent · San Francisco
NORDSTROM
Operations Manager Warehouse - 3rd Shift - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Manager - Asset Protection - King of Prussia
Permanent · King of Prussia
NORDSTROM
Area sc Manager 2
Permanent · San Bernardino
NORDSTROM
Asset Protection - Agent - The Shoppes at University Center Rack
Permanent · Bradenton
NORDSTROM
Assoc Manager, SEO Content Strategy - Remote
Permanent · Seattle
NEIMAN MARCUS
Manager Retail Performance & Store Operations- San Diego
Permanent · San Diego
CORPORATE
Associate Product Manager
Permanent · Irving
TALENT
Loss Prevention Representative (2nd Shift)
Permanent · Lynchburg
By
Europa Press
Translated by
Roberta HERRERA
Published
May 3, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amancio Ortega to receive €859 million in dividends from Inditex, more to come this year

By
Europa Press
Translated by
Roberta HERRERA
Published
May 3, 2022

Amancio Ortega, founder and majority shareholder of Inditex, will receive a total of €859 million this Monday in dividends allocated to shareholders by the Spanish conglomerate. This amount represents half of what he will collect in dividends from Inditex during his first fiscal year with his daughter Marta Ortega as chairwoman of the company.


Amancio Ortega - EFE


This year, the businessman will receive a total of 1.7 billion euros in dividends from the company, higher than the 1.3 billion euros he collected last year.
 
The fashion giant will pay out a total of €2.9 billion to its shareholders this year after raising its dividend by 33% to €0.93 per share.

At the shareholders' meeting, Inditex board of directors will propose a dividend of €0.93 per share, 33% more than in 2020, comprising an ordinary dividend of €0.63 and an extraordinary dividend of €0.30 per share.

This dividend will be issued in two equal payments: €0.47 this May 2 and €0.47 on November 2.

In addition, the board agreed to set an extraordinary dividend of €0.40 per share for the 2022 fiscal year, which will be added to the ordinary dividend to be paid out during the 2023 fiscal year.

Ortega, the founder of Inditex who will receive his dividend payout through the investment funds Pontegadea Inversiones and Partler through which he holds a 59.3% stake in Inditex, invests part of the dividends he receives from the fashion giant into real estate.

In fact, Ortega reinforced his real estate portfolio a few days ago by acquiring an office building in Glasgow (Scotland) for 200 million pounds (about 237 million euros), which is almost a third of what he will receive this week from Inditex's dividend.

Ortega acquired the building through Pontegadea UK, located at 177 Bothwell Street and owned by the HFD Group, in a transaction that is believed to be the highest-ever sale of a single office asset in Scotland.

The CBRE Group has advised Pontegadea on this transaction, which once again represents the company's commitment to the United Kingdom, where it has a real estate portfolio valued at 2.82 billion pounds (more than 3.3 billion euros).

Ortega strengthened its presence in London last summer with the acquisition of a new building in the English capital, located in St. James's Square, valued at around 190 million pounds (220 million euros).

Ortega owns Spain’s largest real estate company with a portfolio of real estate assets comprised mainly of large non-residential office buildings located in the heart of major cities in Spain, the United Kingdom, the United States and Asia.

Meanwhile, his daughter Sandra Ortega, who owns 5.1% of the Spanish firm, will receive more than €146 million in dividends from Inditex this year, half of which she will also collect this Monday.

Copyright © 2022 Europa Press. Está expresamente prohibida la redistribución y la redifusión de todo o parte de los contenidos de esta web sin su previo y expreso consentimiento.