San José Group you are in luck today. And its president even more. Today is payday in the Pontevedra company and for Jacinto Rey its main shareholder, who owns 48.29% of the company. Shareholders, who were already so until last April 15, receive 0.10 euros gross per share they own in the company. Its president therefore receives about 3.10 million euros. In total, the dividend remuneration of San José will reach 6.5 million.
Meanwhile, San José together with its partner, the Socimi Merlin Properties in the monumental project of the North Castellana District they will resort to arbitration before their majority partner of the project, BBVA. The financial entity chaired by Carlos Torres Vila wants to change the bylaws of the company, to protect the preferential purchase of its participation by another of its now partners, in the event of the sale of a participation of this macroplan for the north of Madrid.
Both minority shareholders, San José and Merlin, are not going to accept that limitation of rights that BBVA considers, majority as we say in the project. And it is that in the statutes of the Chamartín Operation there is a clause of submission to arbitration and they are going to resort to this way to be able to solve it. On the 20th there is an extraordinary meeting of DCN shareholders.
You already know that it is a 25-year construction megaproject in the north of the capital with more than 10,500 planned homes and 1.5 million square meters of offices, and that it will have a shopping center and large green spaces. BBVA owns 75.5%, Melin Properties 14.5% and San José 10% more. In October 2019, the construction company sold 14.46% of this project to the Socimi for almost 169 million euros.
In its quotation graph we see that the value consolidates its advances for the whole year in the last month, with just a cut of 1.31%. In fact so far this year the value rises an important 36.65%. Of the maximum of the year they separate him 8.5%.
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As they show us the premium technical indicators of Investment Strategies, San José reaches 6 points of the 8 total points. With long-term bullish trend, but medium-term bearish, total moment, both slow and fast positive. The volume of business is clearly downwards, which is decreasing in both aspects for the value and while the volatility is positive. It is moving downwards, in a decreasing way in San José both in the medium and long term.
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Among its latest awards is a macro-contract with Adif together with the companies Copasa and Rubau that reaches 100 million euros. It is a 2019 contract, but without a final signature, which is now being produced. It is a UTE, a Temporary Union of Companies to carry out construction works, in 32 weeks, of the platform of the Mediterranean high-speed corridor between Murcia and Almería, in one of its sections, the one that connects Sangonera with Totana.
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