The information on this page is provided by Banco Santander, S.A.
In line with the 2023 shareholder remuneration policy, the board of directors resolved to:
• Submit to the 2024 Annual General Meeting the approval of a final gross cash dividend of €0.0950 per share to be paid in May 2024; and
• Implement a new share buy-back programme of 1,459 million euros which commenced from 20 February 2024.
As a result, once the above-mentioned actions are completed, the Bank’s shareholder remuneration for the 2023 results will total 5,538 million euros (c.50% of the Group reported profit in 2023) split in approximately equal parts in cash dividends (2,769 million euros) and share buy-backs (2,769 million euros) 1.
For the latest information about Santander’s dividend policy and the share buy-back programme, visit the Shareholder remuneration section of the
Santander corporate website.
A history of
past dividend payments and their type.
For information about the
December 2020 dividend distribution in shares.
1 The Bank’s shareholder remuneration policy is approximately 50% payout of the group net attributable profit (excluding non-cash, non- capital ratios impacts items). The above-mentioned amounts have been estimated assuming that, with the partial execution of the share buy-back programme described above, the number of outstanding shares entitled to receive the final dividend will be 15,483,617,874. Therefore, the total dividend will be higher if fewer shares than planned are acquired in the buy-back programme and will be lower in the opposite scenario.