If you choose to join the DRIP, you will receive further Santander shares rather than a cash payment.
Whole shares are purchased and any residual money is rolled over and added to the next cash dividend. However, if the amount available to re-invest, after the deduction of costs, is not enough to purchase one whole share, then no costs will be charged to you and the whole of your dividend will be carried forward to the next cash dividend payment.
Statements will be made available in your Santander Shareview Portfolio each quarter, informing you of the cash balance held on your behalf in the DRIP and/or showing you the details of your share purchases through the DRIP. More information about DRIP statements and the options available can be found here.