I just reviewed the Ibex dividend calendar for the upcoming months, and there are some interesting things to comment on. The upcoming dividends from the Ibex are quite generous this year, with increases around 10% compared to 2025. Aena increased from 0.976 to 1.09 euros, and Inditex is not far behind. The interesting part is that Indra expects a 20% increase in July, so there’s quite a bit of movement expected.

However, not everything is positive. Telefónica had to cut its dividend in half, from 0.30 to 0.15 euros, because it needs to reduce debt. Enagás also decreased significantly, from 1.74 to around 1.00 euros. That said, volatility in the Middle East could push these figures upward by the end of the year.

What’s clear is that tourism and luxury remain the star sectors in Spain. With global conflicts, the country is positioning itself more and more as a tourist destination, and this is reflected in the numbers. The industry still lags behind, but overall the market points to moderate growth, so there’s room for optimism.

If you’re planning to invest, it’s worth paying attention to these payment dates. There’s usually a buying spike before dividends and then sales afterward, so this is key information for planning. The upcoming dividends from the Ibex in July are quite juicy if you’re looking for short-term returns.