Ferrovial Declares €0.077 Cash Dividend Per Share
- Dividend Announcement: Ferrovial has declared an interim cash dividend totaling €55,565,000, with a per-share dividend of €0.077, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Record Date: The dividend record date is set for December 5, 2025, with an expected payment date of December 22, 2025, allowing investors to plan their cash flows in advance and improving the company's market transparency.
- Forward-Looking Statements: The announcement includes forward-looking statements regarding key milestones and timing of the dividend payment process, indicating the company's confidence in its future financial health despite existing market risks and uncertainties.
- Company Background: Ferrovial is a leading global infrastructure company operating in over 15 countries with a workforce exceeding 25,000, and as a member of Spain's blue-chip IBEX 35 index, its stable dividend policy further solidifies its reputation among investors.
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- Ferrovial Underperformance: Ferrovial is down 2.3% today, making it the worst performer in the Nasdaq 100, reflecting market concerns about its short-term outlook, which could impact investor confidence.
- Year-to-Date Performance: Despite today's decline, Ferrovial has gained 5.4% year-to-date, indicating its potential in long-term investments, which may attract investors seeking stable returns.
- Arm Holdings Movement: Arm Holdings is down 2.1% today, suggesting a possible weakening of market expectations for its future growth, prompting investors to monitor its subsequent performance to assess risk.
- Western Digital Surge: Western Digital is up 10.6% today, demonstrating market confidence in its business recovery, potentially providing investors with short-term profit opportunities.

New Nasdaq-100 Entrants: Six companies will be added to the Nasdaq-100 index later this month.
Walmart's Listing Change: Walmart will not be included in the Nasdaq-100 as it switched its listing from the New York Stock Exchange too late to qualify.
Eligibility Criteria: The Nasdaq-100 consists of the largest 100 nonfinancial companies on the Nasdaq, with eligibility based on data from the end of November.
Reconstitution Timing: The Nasdaq-100 is reconstituted annually in December, and the new entrants were announced recently.
- Global Growth Milestone: Ferrovial announced its inclusion in the Nasdaq-100 Index, marking a significant milestone one and a half years after its U.S. market debut, which enhances the company's visibility among global investors and is expected to broaden its shareholder base.
- Increased Market Confidence: CEO Ignacio Madridejos emphasized that this inclusion reflects market confidence in its distinctive integrated business model, which is anticipated to drive the development of high-value projects that promote economic growth.
- U.S. Market Strategy: Since its listing in May 2024, Ferrovial has become the first IBEX 35 component to trade on Nasdaq, further solidifying its leadership position in the North American infrastructure market.
- Long-term Value Commitment: The company is committed to investing in the U.S. and creating long-term shareholder value, particularly through significant projects like the development of the New Terminal One at New York's JFK International Airport, demonstrating a strong commitment to future growth.
- Index Reconstitution: Nasdaq announced the addition of six companies, including Alnylam Pharmaceuticals and Western Digital, to the Nasdaq-100 Index effective December 22, 2025, reflecting market recognition and importance of these non-financial firms.
- Asset Management Scale: As of December 2025, the Nasdaq-100 Index underpins over $600 billion in assets under management, highlighting its significance in global investment products, particularly in relation to the Invesco QQQ Trust.
- Industry Diversity: The newly added companies span multiple sectors including biotechnology, technology, and media, further enhancing the Nasdaq-100 Index's representation in the new economy and promoting investor interest in diversified portfolios.
- Market Impact: This reconstitution will affect the trading of various derivatives and structured products, potentially increasing liquidity and market attention on the related stocks, thereby influencing investor decisions and market dynamics.
- Termination of Current Program: Ferrovial has decided to terminate its ongoing share buyback program initiated on June 2, 2025, reflecting a significant shift in its capital management strategy aimed at optimizing resource allocation for future projects.
- Launch of New Buyback Program: The new buyback program has a maximum investment of €800 million and aims to repurchase up to 15 million shares, representing approximately 2.04% of the company's issued share capital, demonstrating confidence in future growth prospects.
- Repurchase Conditions Established: The new program stipulates that daily repurchases will not exceed 25% of the average trading volume, and purchases will adhere to independent market prices, ensuring transparency and compliance, which enhances investor trust.
- Brokerage Selection: Goldman Sachs has been appointed as the executing broker for the new buyback program, responsible for independent decision-making and trade execution, aiming to enhance buyback efficiency through professional management.

Stock Performance: Ferrovial's stock has increased by about 4% in the past month and over 20% in the last three months, leading to a total shareholder return of around 41% over the past year, indicating growing investor interest in its growth prospects.
Valuation Concerns: The current share price of €56.76 is slightly above analyst targets, with a fair value estimated at €53.18, raising questions about whether the stock is overvalued or if the market is anticipating future growth.
Earnings and Risks: Despite concerns about overvaluation, Ferrovial's earnings may remain resilient due to strong North American toll road growth and a robust order book, although potential macroeconomic shifts could impact future returns.
Investment Opportunities: The article suggests exploring other investment opportunities, including undervalued stocks based on cash flows, healthcare AI stocks, and dividend stocks with yields over 3%, while emphasizing that the analysis is not financial advice.









