Cellnex Commits to 2026 Dividend as S&P Upgrades Rating (2)

Cellnex Telecom SA will start paying shareholders a meaningful dividend from 2026 at the latest, as S&P Global Ratings granted the company a much awaited investment grade rating.

The Barcelona-based company will pay a dividend of at least €500 million ($542 million) in 2026 and a minimum of €3 billion in dividends between that year and 2030, Cellnex said in a presentation Tuesday. The firm may consider earlier dividend payments or share buybacks depending on how its plans to cut debt progress.

A large part of the payout strategy hinged on clinching a much sought upgrade from S&P, which happened ...