Ferrovial stock set for flexible dividend as ex-date nears

Published on 11/03/2026 at 12:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrovial stock faces a new shareholder decision before the December payout. The cash-or-share option sets the next key dates for investors.

Dividend timetable takes shape

Shareholders can choose cash or new shares during the November election period.
The European ex-dividend date comes before the U.S. trading date.
Ferrovial plans to publish the exchange ratio in December before payment begins.

Ferrovial, NL0015001FS8, Illustration mit AI erstellt.

Ferrovial has set the cash amount for its second flexible dividend of 2026 at 0.835 euros per share, according to a report published by Democrata on Tuesday, November 3, 2026. The report said Ferrovial had communicated the amount to Spain's Comisión Nacional del Mercado de Valores.

The payment is structured as a flexible, or scrip, dividend. Shareholders can receive cash or new Ferrovial shares, giving them a choice between immediate cash income and maintaining their exposure through additional stock. If no election is made during the designated period, the payment will default to shares.

Key dates for shareholders

Ferrovial shares will trade ex-dividend from Thursday, November 5, on the Madrid, Barcelona, Bilbao and Valencia exchanges. The corresponding ex-dividend date on Nasdaq's Global Select Market is Friday, November 6, which is also the stated record date.

The election window runs from Monday, November 9, through Friday, November 20. Investors using the cash option will therefore need to follow their custodian's procedures and deadlines rather than relying only on the public timetable. The share alternative may preserve the position's exposure to Ferrovial, but it also increases the number of shares outstanding for investors who choose it.

December payment remains next milestone

The total program was announced at 600 million euros and is charged against reserves. The exchange ratio and the number of shares to be delivered are due to be announced on Thursday, December 3. Cash payments and delivery of new shares are scheduled to begin on Thursday, December 10.

The ratio will use the volume-weighted average price of Ferrovial shares traded on the Spanish exchanges on November 18, 19 and 20. The company intends the gross euro amount of the share dividend to be approximately equivalent to the cash amount, according to the report.

For investors, the immediate issue is not only the headline payout but also the choice between cash and dilution of the individual holding through additional shares. The approaching ex-dividend dates can also affect the timing of purchases, while the final share ratio will remain unknown until December 3.

Investor calendar adds context

Ferrovial's investor relations calendar lists further management events, including a CFO roadshow in Paris on November 10, the UBS European Conference - C-Suite on November 11 and the RBC Global Industrials Conference on November 16.

Ferrovial stock traded at 51.40 euros on Lang & Schwarz at 12:03 CET on Tuesday, November 3, 2026. Investors can follow the real-time quote of Ferrovial stock.