One week into July, or, what amounts to the same thing, before the high dividend season begins, there is still room to make some attractive payments. And the case of Repsol is one of them. July 3 will be the last day for trading shares with the right to receive the company’s dividend, which will be 0.33 euros per title, which at current prices offer a return of 2.4%.
This remuneration, which will be charged to the benefits of 2021, will be made on July 7. With the drop in the stock market that Repsol has experienced in recent weeks, since it has fallen by up to 15% from the peak reached on June 8 ––, the company’s annual dividend offers a return, at current prices, of one 4.7%; that is, half a point more than the return it offered before the announcement of the tightening of monetary policy.
However, the good behavior that the oil company is registering so far this year could open the door to the payment of an extraordinary remuneration. And it is that, if we look back, every sale operation has involved the payment of an An option that becomes probable if we take into account that Repsol is currently immersed in two corporate operations: the sale of 25% of its business of upstream and the placement of another 25% of its renewables subsidiary, Repsol Low Carbon.
So far this year, the price of the company chaired by Antonio Brufau has advanced more than 30% on the stock market, and is the third most bullish on the Ibex this year, as a result of the war in Ukraine and the rise in energy prices in different parts of the globe. In terms of earnings forecast, the company is also among those receiving the best predictions from experts. The consensus of FactSet analysts has increased its profit forecast by 78% since the beginning of the year, going from the 2,605 million euros of profit that they forecast on January 1 to the current 4,640 million euros. Thus, these same experts advise taking positions on the company’s titles.
Other attractive July payments
Among the attractive payments that must be kept on the radar for the next few days, Endesa stands out, which will distribute 0.93 euros per share, which currently yields 4.9%, on July 1. The deadline to get this payment is June 28. The Redeia (REE) calendar records these same cut-off and payment dates, and will distribute a dividend of 0.72 euros, with a return of 3.9% at current prices.
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