Sacyr's Board of Directors has approved today the payment of a flexible dividend for 2020 of €0.049 in cash per share or one new share for every 45 old shares.
This dividend, in addition to the one of €0.054 paid last June, represents a shareholder remuneration of €0.103 per share charged to 2020, and a shareholder return of 5%.
To pay this scrip dividend, Sacyr will carry out a maximum capital increase of €13.98 million, depending on how many shareholders elect to be paid in cash. This dividend will be paid on February 1 and the new shares are expected to be listed on February 18, although they could be listed earlier depending on the approval of the appropriate procedures.
Last year, Sacyr's Annual General Meeting approved the authorization to pay two scrip dividends. In 2019, the company paid two dividends, with a yield of around 5%, in line with the group's objective of shareholder remuneration.