Madrid 2,338 EUR 0 (0,17 %)
Madrid 2,338 EUR 0 (0,17 %)

ECONOMY| 22.09.2021

MAPFRE: Among Top Three Ibex Companies in Dividend Yield this Year

Thumbnail user

Among the 35 companies included on the Ibex 35, the index listing Spain’s most important traded companies, MAPFRE comes in second in the ranking for dividend yield expected in 2021.

Gas company Enagás is at the top of the chart with a 9.1% yield, while MAPFRE’s is situated at 7.8%, followed by Telefónica at 7.3%.

In the case of MAPFRE, that high compensation for the company’s shareholders is accompanied this year by a significant appreciation in the value of the shares, with annual earnings in excess of 17% (through this Thursday, September 16) and a stock price of over 1.81 euros per share. This is compared to a cumulative increase on the Ibex of 8% so far this year, and 9% on the Euro Stoxx Insurance, which includes Europe’s leading traded insurance companies.

This favorable performance on the stock market was accompanied by positive recommendations from the market analysis bureaus. JP Morgan, for example, recently reiterated its recommendation to “overweight” (buy) shares in the insurance company, while increasing the target price of the stock to 2.30 euros per share.

Likewise, El Economista recently reported that the consensus of the market analysts on the forecast for the stock places it in its best position in seven years.

One of the strengths highlighted by the analysts is the company’s dividend policy. MAPFRE paid out 231 million to its shareholders last June as a complementary dividend corresponding to the 2020 fiscal year. Since 2016, the company has set aside over €2.5 billion in shareholder compensation.