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Inditex stockpiling profits

For several years Inditex has had the highest cash balance of all companies listed on the Spanish stock market, and according to analyst forecasts, this trend is going to continue.

In 2015 the group could double its current cash base, exceeding 8 billion euros in capital. The cash could allow Inditex to increase the dividend it pays to shareholders. There are rumors of giving a bonus dividend, too. Founded by Amancio Ortega, Inditex is largely responsible, in addition to Ferrovial, for the Ibex dishing out 1.5 billion in dividends after the 2011 fiscal year.

Other companies can follow the example set by Spanish firms who have stayed profitable throughout the crisis and avoided dangerously high levels of debt.

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