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The lender also unveiled in a presentation to the Spanish supervisor a new dividend pay-out policy for the period of 50% of consolidated ordinary profit, compared to the previous policy of 40%.
Santander proposed a final cash dividend of 0.0595 euros per share. As a result, the total cash dividend per share for 2022 will rise to 0.1178 euros, a rise of 18% compared to 2021. It also announced an additional share buy-back programme of 921 million euros ($974.79 million) after obtaining regulatory authorization.
The bank’s shareholder remuneration against 2022 results would rise to 3.84 billion euros, split in equal parts in cash dividend and share buy-backs.
($1 = 0.9448 euros)
