Iberdrola Eyes Accelerated Investment as Chairman Meets Regional Leaders in Bilbao

As part of an annual tradition, Iberdrola Executive Chairman Ignacio Galán has met this week with the Basque Country’s top institutional leaders ahead of the company’s General Shareholders’ Meeting. Galán held meetings with Imanol Pradales, Lehendakari of the Basque Government; Elixabete Etxanobe, Deputy General of Bizkaia; and Juan Mari Aburto, Mayor of Bilbao.

These high-level meetings precede Iberdrola’s upcoming Shareholders’ Meeting, scheduled for Friday, May 30, at the company’s headquarters in Bilbao.

This year’s meeting comes as Iberdrola reaches record-high market valuations, with a capitalization exceeding €100 billion. The company will present its financial results for fiscal year 2024, which saw investments of €17 billion and a 17% increase in net profit, reaching €5.612 billion.

Engagement Dividend and Strategic Outlook

For the third consecutive year, Iberdrola is proposing an engagement dividend of €0.005 gross per share (€1 gross per 200 shares), contingent on reaching a quorum of at least 70% of share capital. The dividend is part of Iberdrola’s efforts to encourage shareholder participation.

Looking ahead, the company plans to present its next strategic plan on September 24, with a renewed focus on accelerating investment in clean energy infrastructure and electrification to enhance energy independence across its markets.