Iberdrola 2021 Profit Rose, Lifts Dividend Proposal

By Giulia Petroni

Iberdrola SA said Wednesday that profit rose in the full year and raised its dividend proposal.

The Spanish utility company said that net profit was 3.88 billion euros ($4.39 billion) in the year, compared with EUR3.61 billion a year earlier.

Earnings before interest, taxes, depreciation and amortization came in at EUR12.01 billion, up from EUR10.04 billion.

Revenue increased 18% on year to EUR39.11 billion.

Iberdrola said it will propose a 4.8% increase in annual remuneration at the next general shareholders' meeting, to reach a dividend of EUR0.44 a share for 2021. The company already paid an interim dividend of EUR0.17 a share and is now set to propose an additional remuneration of EUR0.27 a share.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

February 23, 2022 03:14 ET (08:14 GMT)

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