If you have been looking for insurance, Mapfre is one of the companies that may have come out the most for you. Maybe you used a health insurance comparator and when looking for more information you have come across Mapfre's dividends. Do you know what they are?
Now, We give you all the details you should know about these, as well as the schedule of Mapfre's next and last dividends for 2023.
What is Mapfre?
Mapfre is one of the best known companies in Spain. It is a multinational dedicated to the insurance and reinsurance sector. However, it not only has a presence in Spain, but is in a total of 49 countries.
It also has a professional reinsurer, called Mapfre RE, which operates throughout the world and has both two subsidiaries and 19 offices spread out.
It was born in 1933 with another name: Mutual Insurance Company of the Association of Rustic Estates of Spain. His goal, as you may have seen, was to insure farm workers. However, 22 years later, in 1955, they decided to expand their services by offering automobile insurance. That also allowed them to enter other countries.
In the following years they included other insurance such as life, accident, transportation... What made it more and more known, in addition to covering other countries in which it had a more consolidated presence.
Currently, it is one of the most consolidated companies in the insurance sector and there are many who choose it to insure car, life, health, etc.
What are Mapfre dividends
Mapfre dividends are actually a "bonus" that those who own Mapfre shares get. For this, it is necessary make a purchase to obtain those shares and be able to enjoy the dividends offered to shareholders over the years.
Mapfre It is listed on the Madrid Stock Exchange and is part of the IBEX 35. However, other indices in which it is present are also cited, such as Dow Jones, MSCI Spain, FTS4Good... Its ticker or stock code is BME:MAP.
This is your policy
If you are thinking of acquiring Mapfre dividends, then you will most likely be interested in knowing what the dividend policy. In this sense, the most important thing you should know is the following:
- Regarding shareholder remuneration, this is always related to liquidity, profit, solvency and investment plans.
- It is the Board of Directors who proposes decisions to the General Shareholders' Meeting based on the distribution of dividends.
- Regarding the payment of dividends, it is done whenever possible in cash. However it is not always so.
- The proposals that are usually made to the General Shareholders' Meeting regarding the distribution of dividends is between 40% and 50% of the profit for the year attributable to the Company in its consolidated annual accounts. In addition, it must be taken into account that the aim is to maintain a sustainable and growing policy.
What has been Mapfre's dividend history
If you want to know the evolution of Mapfre's dividends, then we leave you a table where they are reflected.
In the words of Mapfre: «We are the kings of the dividend on the Ibex, with a return of more than 8%. Although it must be borne in mind that in recent years it has had fewer benefits. Even so, they have maintained their increasing policy on dividends.
Mapfre dividends for 2023
If you want to know the calendar of Mapfre's next dividends for 2023, you can consult it here.
The first quote that has been made known about the Mapfre dividends for 2023 will be on May 23. To receive the dividends it is necessary to have previously bought the shares. The schedule they have released is as follows:
- Until May 18, 2023, you can buy Mapfre shares that give you the right to participate in the dividends for that month.
- May 19 will be the ex-dividend date, that is, you can buy shares but they do not have the right to receive that May dividend.
- El May 22 will be the registration date, that is, the date on which Mapfre determines which are the shareholders who have the right to participate in the distribution of dividends.
- Finally, on May 23 the payment will be made effective. As we told you before, this payment will be made mainly in cash.
Are there more dates for Mapfre's dividends in 2023?
If you have seen Mapfre's dividend history, you will have noticed that there are always two dates per year. The first takes place between May and June, while the second is between November and December.
For this reason, Mapfre's next dividend payment date is estimated to be in November or December 2023, but officially nothing has been confirmed yet.
Are Mapfre's dividends clearer to you now?