Remuneration of Shareholders

Ordinary distribution within the framework of the 2022-2024 Strategic Plan

Dividends in 2024

Payout of 53.5% of consolidated net profit, through two cash payments in line with the 2024 Dividend Plan (50-60%):

53.5% of consolidated net profit € 3.1 billion

November 20241 April 20252

¹Interim dividend of €1.1 billion, equivalent to €0.1488 gross per share and representing 40% of consolidated net profit for the first half of 2024, paid on 7 November 2024.

²Final dividend: at the next Annual General Meeting, the Board of Directors will propose a final dividend of €2.0 billion, equivalent to €0.2864 gross per share, for approval by shareholders. 

Dividends in 2023:

€2.9 billion, equivalent to 60% of consolidated net profit in 2023

Dividends in 2022:

€1.7 billion, equivalent to 55% of consolidated net profit in 2022

For more information on dividends, please refer to the Policies and other corporate documents section and the Dividends section.

Extraordinary distribution under the 2022-2024 Strategic Plan

Within the framework of the 2022-2024 Strategic Plan, 6 extraordinary share repurchase programmes have been approved:

For more information on share buyback programmes, please refer to the Insider Information and Other Relevant Information sections.

Total distribution within the framework of the 2022-2024 Strategic Plan

The strategic target for 2022–24 capital distribution capacity has been set at €12 billion, of which: ~ €9.5 billion distributed + ~ €2.5 billion yet to paid out (of which €2 billion will be in dividends and €0.5 billion in share buyback programmes).

In ordinary dividends: €5.7 billion

In extraordinary share buyback programmes: €3.8 billion

Last update: March 2025