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 in September 2023). On 3 May 2024, the public deed for the reduction of capital by 129,404,256 shares to 7,372,727,363 shares was registered in the Companies' Registry of Valencia.

On 10 May 2024, the end of the share buyback programme was announced (starting on 15 March 2024) after reaching the maximum planned investment of 500 million euros with the acquisition of a total of 104,639,681 treasury shares, representing 1.42% of the share capital.

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.