Blackrock second shareholder in Iberdrola with 5%

Iberdrola buybacks operationsIberdrola headquarters

Blackrock, the largest fund manager in the world, has raised its holding in the electricity company to 5.008% from the 4.998%  it held, and remains the second largest shareholder behind the sovereign wealth fund Qatar Investment Authority (QIA).

Iberdrola has given details of the terms of its first flexible dividend, with a complementary dividend charged to its 2017 results. The group has completed the payment to its shareholders charged to last year, which rises to 0.326 euros gross per share, 5.1% more than in 2016.

On 25 July the company will pay its shareholders 0.186 euros gross per share which will join the 0.140 euros gross per share paid in January as an interim dividend.