The founder and first shareholder of Inditex, Amancio Ortega, enters this Tuesday, May 2, a total of 1,108.5 million euros for the first remuneration of the year that Inditex will pay to its shareholders, which is half of what it will receive in dividends from the Galician firm this year.

Specifically, the businessman will receive this year 2,217 million euros in dividends from the company, above the 1,718 million he received for this concept last year.

In total, the company will reward its shareholders this year with more than 3,730 million euros, after raising the dividend by 29%, up to 1.2 euros per share.

Specifically, Inditex’s dividend policy consists of an ordinary ‘payout’ of 60% of the profit and the additional distribution of extraordinary dividends.

Thus, the board of directors will propose to the general meeting of shareholders a 29% increase in the dividend up to 1.2 euros per share, made up of an ordinary dividend of 0.796 euros and an extraordinary dividend of 0.404 euros per share.

The dividend is made up of two equal payments: on May 2, 2023, a payment of 0.60 euros per share, corresponding to the ordinary dividend, and on November 2, 2023, a payment of 0.60 euros per share (0.196 ordinary euros plus 0.404 euros extraordinary).

The founder of Inditex, who receives more than 1,100 million euros in dividends on Tuesday through the companies Pontegadea Inversiones and Partler, with which he controls 59.294% of the textile group, equivalent to a package of 1,848 million euros, invests part of the dividends it receives from Inditex in the real estate sector.

In fact, his latest purchase was the former BBC headquarters in London for around 82 million pounds (about 93 million euros) in mid-April.

In this way, the founder of Inditex becomes the owner of said property, located at number 33 Foley Street, owned by Abrdán.

This purchase materialized days after acquiring a building with 120 luxury apartments for rent in the South Dublin port area for more than 100 million euros.

The founder of Inditex invests part of the dividends he receives from the textile company in the real estate sector through his investment firm Pontegadea Inmobiliaria.

Ortega owns the largest Spanish real estate agency, focused on the purchase and management of large buildings, with a portfolio of real estate assets made up mainly of non-residential office buildings located in the centers of large cities in Spain, the United Kingdom, the United States and Asia. .