Forecast of dividend yield of companies of Ibex 35 Spain 2022
The Ibex 35 development and performance
The Spanish benchmark stock index developed positively up to 2007, when due to the financial crisis the Ibex 35 rapidly fell to approximately 9,196 index points down from 15,182 the previous year. For this reason, the performance of the stock market index plummeted to 39.43 percent in 2008, which is the sharpest drop registered in recent years. As for the volatility of the Ibex 35 it decreased significantly from 2017 onwards after a decade of a highly volatile stock market. The Spanish market seems to be recovering from the impact caused by the 2008 financial crash, although it has not yet reached the levels prior to the recession.
Telefónica: leader in Spanish communication
Telefónica is one of the largest telecommunication companies in the world, offering mobile and fixed services, broadband network and pay-TV services as well as other digital solutions. Telefónica, Movistar, O2 and Vivo are Telefónica’s major brands. Telefónica is the corporate brand, Movistar targets the Spanish-speaking public, O2 is mainly used in Germany and the UK, and Vivo is the brand present in Brazil. Telefónica has a strong presence in its home country; Spain is the largest single source of revenue for the company, generating 12.4 billion euros in the country during 2020.