Share buybacks versus dividends: No contest

Share buybacks versus dividends: No contest

Buybacks are often illogically equated with dividends—the direct distribution of profits to shareholders in cash on a periodic basis at the discretion of corporate boards.

In particular, the company intends to allocate to the dividends a total of 15,167,738.02 euros, from the profits of 23,971,976,65 euros registered in 2024. According to this proposal, the company will impel 4,014,461.63 euros to voluntary reserves. On the order of the day also appears the re-election of Mónica Cueva Díaz as councillor of the society, with the category of independent councillor, for the statutory term of four years. Attendees to …