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Investing.com -- Spanish utility company Iberdrola SA (BME:IBE) on Wednesday announced plans to invest 58 billion euros through 2028, with 37 billion euros dedicated to networks.
The company projects its adjusted net profit will reach 7.6 billion euros by 2028, alongside EBITDA of 18 billion euros in the same period.
Iberdrola expects to distribute close to 20 billion euros in dividends between 2025 and 2028. Looking further ahead, the utility giant plans investments of over 45 billion euros between 2029 and 2031, with 30 billion euros allocated to networks.
The company noted that its 2025 results are already exceeding its 2026 outlook, with additional growth expected in fiscal year 2026.
For the longer term, Iberdrola forecasts earnings growth of at least mid-to-high single digits from 2024 through 2031.
The utility reaffirmed its shareholder remuneration policy, maintaining a payout between 65% and 75% of earnings per share, with a dividend per share floor set at 0.64 euros.
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