Iberdrola: Among The Safer Dividends Around
Source: SeekingAlpha
2025-03-30 18:09:23 ET
Summary
- Iberdrola's 2024-2026 strategic plan focuses on regulated networks, particularly in the US and UK, ensuring stable returns and de-risked EBITDA growth.
- Despite near-term outsized investments, the 4% yield is secure and poised for growth post-2026 as capital investments normalize.
- Iberdrola's diversified global presence and early adoption of renewable energy assets position it favorably against regulatory risks and market fluctuations.
- The valuation remains attractive with a P/E of 14, and the strategic pivot towards networks in low regulatory-risk jurisdictions promises substantial future free cash flow and shareholder returns.
Iberdrola (IBDRY, IBDSF), the Bilbao-based utility giant, is midway through their 2024-2026 strategic plan. Due to the capital-intensive investments underway, the dividend may not increase much in the near term. But it might do so afterward, as the business mix turns further toward regulated networks business....
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Iberdrola: Among The Safer Dividends Around
Iberdrola S.A.
NASDAQ: IBDSF
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