Remuneration of Shareholders

Financial year 2023: The 2024 Annual General Meeting resolved to distribute of a gross cash dividend of 0.3919 euros per share, paid on 3 April 2024. The payment of this dividend is equivalent to a pay-out of 60%.

Financial year 2024: the distribution between 50% and 60% of consolidated net profit, through two cash payments in line with the new dividend policy:

- Interim dividend: November 2024
- Final dividend: April 2025

Note: Pending approval by the Annual General Meeting

Share buyback: On 3 January 2024, the end of the share buyback programme was announced (it started on 18 September 2023).
The 2024 Annual General Meeting approved the Share capital reduction through the redemption of treasury shares acquired.

Implementation of share buyback programme for a maximum amount of € 500 million, running for a maximum term of 6 months from 14 March 2024, aimed at bringing year-end 2023 %CET1 closer to 12%.

What is a Share buyback programme? (in Spanish) 

See dividend policy in section Corporate policies and other corporate documents

For more information on Remuneration on Shareholders, refer to the Dividends section and the section Inside information and Other relevant information.