Listed companies in Spain have distributed €26.399 billion in dividends between January and June 2026, a 21.65% increase compared to the previous year. June, however, recorded a 10% drop in payments.
Companies on the Spanish continuous market have set a new record for shareholder remuneration in the first half of 2026. According to data collected by BME, the total amount distributed reached €26.399 billion, which represents an increase of 21.65% compared to the same period of the previous year.
This growth comes after the total annual dividends in 2025 already reached a historic high of €42.671 billion, the highest figure since BME began its statistical series in 2018.
However, not all months have followed the same upward trend. June closed with a distribution of €2.334 billion, 10% less than in the same month of 2025. This decline is partly explained by the concentration of payments expected in July, when disbursements exceeding €7.556 billion are anticipated.
Among the companies that paid dividends in June are names like Ebro Foods, IAG, Bankinter, Telefónica, Ferrovial, and ArcelorMittal, among others. The sectoral diversity of these payments reflects the broad base of companies that supports the Spanish stock market.
The Ibex 35, for its part, closed June with a 6% increase, reaching a new historic high of 19,471 points. The agreement between the United States and Iran to ease geopolitical tensions acted as a catalyst for investor optimism. For the entire semester, the selective index accumulates a revaluation of 12.50%.
The market capitalisation of the Spanish market also experienced a notable advance. In June, it grew by 3.6%, which translates to an additional €61.742 billion, bringing it to €1.740 trillion. So far this year, the increase is 9.3% (€148.712 billion), and in year-on-year terms, the rise reaches 25.53%, equivalent to €354.106 billion more.
By sectors, finance led the increases in June with an advance of 8.84%, which represented a capitalisation increase of €37.716 billion, totalling €464.242 billion. It was followed by the energy and oil sector, which grew by 7.21% (€18.063 billion more), reaching €268.585 billion. The consumer goods sector rose by 2.50%, although in year-on-year terms it accumulates a decrease of €5.678 billion, standing at €200.734 billion.
Regarding the companies with the highest capitalisation, Banco Santander has surpassed Inditex by reaching €177.505 billion, followed by Iberdrola, BBVA, and CaixaBank. This change reflects the strength of the financial sector in the current bullish cycle.
For individual investors, this data represents a positive signal: Spanish companies are generating enough profit to increase shareholder remuneration, which can translate into attractive returns in an environment of still high interest rates. However, the concentration of payments in certain months—like July—requires tax and portfolio planning.
The evolution of dividends in the second half of the year will depend on corporate results and market behaviour. With an Ibex at its peaks and an economy that maintains moderate growth, the outlook for dividend distribution remains favourable, although investors should be alert to possible corrections.
The next milestone will be July, when the highest volume of payments of the semester is expected. Companies like Iberdrola, Endesa, Repsol, and ACS will be the protagonists of this surge. Shareholders of these companies will receive their dividends in the coming weeks, which will inject liquidity into the market.
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