This dividend is part of the returns allocated to shareholders and represents half of what he will ultimately collect in dividends during the fiscal year, which coincides with his daughter Marta Ortega’s tenure as chairwoman of the company.
In total, Amancio Ortega is expected to receive €1.7 billion in dividends from Inditex this year, an increase from the €1.3 billion he received the previous year. This substantial dividend reflects the fashion giant’s commitment to its shareholders, as it plans to distribute a total of €2.9 billion in dividends this year. The dividend has been raised by 33% to €0.93 per share, consisting of an ordinary dividend of €0.63 and an extraordinary dividend of €0.30 per share.
Shareholders will receive this dividend in two equal installments: €0.47 on May 2 and another €0.47 on November 2. Additionally, an extraordinary dividend of €0.40 per share for the 2022 fiscal year has been proposed, which will be added to the ordinary dividend paid out in the 2023 fiscal year.
Amancio Ortega holds a 59.3% stake in Inditex through investment funds Pontegadea Inversiones and Partler. He often reinvests a portion of the dividends received from the fashion giant into real estate. Recently, he expanded his real estate portfolio by acquiring an office building in Glasgow, Scotland, for £200 million (approximately €237 million). This acquisition underscores his ongoing commitment to real estate investments, especially in the United Kingdom, where his real estate portfolio is valued at over €3.3 billion.
Amancio Ortega’s real estate assets primarily consist of large non-residential office buildings in major cities across Spain, the United Kingdom, the United States, and Asia.
Furthermore, his daughter, Sandra Ortega, who owns a 5.1% stake in the Spanish firm, is set to receive over €146 million in dividends from Inditex this year, with half of the amount due to be paid on the same day as her father’s dividend.
