After the traditional summer break, some of them still to be confirmed, but others confirmed and imminent. Specifically, BME and Naturhouse have set their cut-off dates for next Wednesday and Thursday, respectively.
Within the Ibex, the delivery of Ence is not far away either, which will pay on September 19, with the 17th as the last day to put its titles in the portfolio. The pulp manufacturer will distribute 0.051 euros per share, as announced, in what will be its first interim dividend against the result of 2019. That amount yields 1.4%.
The company will still pay two other payments (a second on account and a complementary one) charged to this exercise; According to the estimates collected by Bloomberg, 0.073 euros will be added to those 0.051 euros in December and 0.082 euros more in April 2020. The total dividend for 2019 will therefore amount to 0.206 euros, which implies a return of 5.7% at current price levels. If the estimates are met, those 0.206 euros would represent a 22% cut compared to the 0.263 euros paid by the company from 2018 (year in which, on the other hand, the figure rose 40% compared to the previous year). Since 2017, the company has a payout target (part of the net profit destined to give back) of 50%.
Going back to the closest payments on the calendar, the stock exchange manager, . This is the first payment on account of its 2019 financial year. As is the case with Ence, it will be followed, foreseeably, by two other dividends (one in December and another in May 2020). If the estimates offered by Bloomberg are met, BME’s total remuneration charged to 2019 will reach 1.57 euros, which yields 6.6%.
The value carries, yes, with a recommendation to sell by the market consensus collected by FactSet (while Ence, which we have just talked about, looks like a buy).
Other deliveries to watch
Just a few days later, on Monday, September 16, Naturhouse will distribute the first of the two dividends it pays per year. It will amount to 0.07 euros, which offer a return of 3.4%. The company has very little follow-up by analysts, but that small consensus recommends getting rid of the titles of this company dedicated to the sale of dietetic products.
Already in October, with Ebro Foods it is possible to scratch a 1% return, and it is expected that both Bankinter and BBVA will distribute separate dividends that offer 1.3% and 2.4%, respectively. The falls that both values have suffered increase the attractiveness of their payments: Bankinter plunges around 22% this year and BBVA falls 20% from its annual maximum, which it marked in April.
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