Finance
Santander raises total cash dividend by 19% in 2024
Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Santander announces a 19% increase in cash dividend for 2024, with total shareholder remuneration reaching 6.3 billion euros, reflecting strong financial performance.
MADRID (Reuters) - Spain's Santander on Tuesday said its board had approved a total cash dividend of 0.21 euros ($0.2207) per share against 2024 results, a 19% rise from a year ago.
This followed the board's proposal of a final cash dividend for 2024 of 0.11 euros for approval at its shareholders meeting on April 4 that will be paid on May 2.
The total shareholder remuneration for the 2024 results will be approximately 6.3 billion euros, around 50% of its attributable profit for 2024, divided equally between cash dividends and share buybacks.
Earlier this month, Santander announced up to 10 billion euros in buybacks from 2025 and 2026 earnings and excess capital, in addition to its standard cash dividend distribution.
($1 = 0.9517 euros)
(Reporting by Jesús Aguado; editing by Pietro Lombardi)
Santander's board approved a total cash dividend of 0.21 euros per share for 2024, which is a 19% increase from the previous year.
The final cash dividend of 0.11 euros will be paid on May 2, following approval at the shareholders meeting on April 4.
The total shareholder remuneration for 2024 is expected to be approximately 6.3 billion euros, which is around 50% of its attributable profit for the year.
Earlier this month, Santander announced plans for up to 10 billion euros in buybacks from its 2025 and 2026 earnings and excess capital.
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