Morningstar has just published the Spanish dividend calendar for July
https://global.morningstar.com/es/acciones/qu-valores-espaoles-pagan-dividendo-en-julio-de-2026
14 companies are paying dividends this month. Of those in the DividendQuad database, here are the quadrants:
🟢 OPTIMAL
• RED (Redeia) — July 1, €0.60. Quality 58, Opp 85. Yield 5.23%. Natural monopoly in the electricity grid. 💚 I own this one. $RED (-3.41%)
• ELE (Endesa) — July 10, €1.084. Quality 75, Opp 80. P/FFO 9.6x. The dividend cut was due to a one-time arbitrage. 💚 I own this one. $ELE (+0.19%)
• IBE (Iberdrola) — July 27, €0.427. Quality 76, Opp 65. Yield 3.22%. Top-tier global utility. $IBE (-1.18%)
🟣 WATCH
• ANA (Acciona) — July 9, €5.65. Quality 52, Opp 48. Yield 1.59%. Good assets but very low yield. $ANA (+0.33%)
• VID (Vidrala) — July 15, €0.4687. Quality 75, Opp 40. Yield 2.08%. Impeccable balance sheet, but the yield isn’t high enough. 💚 I own it; waiting. $VID (+0.3%)
🟠 CAUTION
• REP (Repsol) — July 8, €0.551. Quality 45, Opp 65. Yield 4.9%. Cheap but carries energy transition risk. $REP (+0.33%)
• CLNX (Cellnex) — July 15, €0.371. Quality 30, Opp 75. Yield ~2.6%. Cut its dividend by 78% in 2025. $CLNX (+0.48%)
• ENG (Enagás) — July 2, €0.60. Quality 42, Opp 65. Yield 5.64%. 💚 I hold this stock but will eventually sell. It is no longer the stable company we look for at DividendQuad. $ENG (+0.6%)
🔴 BELOW THRESHOLD
• IDR (Indra) — July 9, €0.30. Quality 25, Opp 20. Yield 0.53%. Not a dividend stock.
Not in the database (ISUR, GEST, AMS, COL, FDR) — no opinion. $IDR (+0.79%)
Do you have any of these in your portfolio?