Santander Lifts Interim Cash Dividend
By Elena Vardon
Banco Santander said it would pay an interim dividend of 10 euro cents a share as it returns half of the attributable profits it made in the first half of 2024 to shareholders.
The Spanish lender on Tuesday said that the cash payout is 23% higher than the interim dividend it paid last year.
Santander is set to distribute around 3.05 billion euros ($3.39 billion) to shareholders for the six-month period, which represents an annualized yield of almost 9%, it said. Half of this will be paid out as a cash dividend from Nov. 1, while the other half was returned through the share buyback program it launched last month.
"We are committed to generating value for shareholders and delivering on our recently upgraded targets for 2024," Executive Chair Ana Botin said.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
September 24, 2024 09:47 ET (13:47 GMT)
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