(Finance) – The Board of Directors of Banco Santander has announced his decision to submit a final dividend in cash for 2024 of 11 cents of euros per share for approval at the next annual general assembly, scheduled for April 4, 2025. Consequently, the Total dividend into cash per action charged to the results of 2024 will be of 21 cents of euros, an increase of over 19% Compared to the dividend in cash compared to 2023 (17.6 euro cents). The final dividend in cash will be paid on May 2, 2025.
There total remuneration of shareholders For the results of 2024 it will be about 6.3 billion euros (About 50% of the group’s attributable profit for 2024), divided equally between cash dividends and programs for the regulation of shares. Represents a equivalent performance of about 7%. The price of the Santander shares has increased by about 60% in the last 12 months. At the beginning of this month, the bank started the second program for the recourse of shares compared to the results of 2024 of shares and will have regained about 15% of its shares in circulation.
“In 2024, Santander reached Record performance for the third consecutive year – he said Ana Botín, executive president by Banco Santander – Consequently, we continue to increase the returns for equity members with cash dividends per action since 2024 increasing by 19% year on year. Our strategy has shown to offer profitable growth and we plan to increase our profits again in 2025. There is still a remarkable Upside in our business and we are committed to continuing to generate value for both our customers and for shareholders “.