2024 Santander Annual General Meeting
2024 Santander Annual General Meeting

2024 Santander Annual General Meeting

Banco Santander’s executive chair Ana Botín confirmed today at the bank’s Annual General Meeting (AGM) that Santander is on track to meet its 2024 targets. In that case, based on the bank’s current shareholder remuneration policy, cash dividends and share buybacks against 2024 results would amount to over €6 billion1. In 2023, the bank achieved its best performance ever, resulting in a record amount returned to shareholders (cash dividends and share buybacks) of €5.5 billion.

[1] The bank’s shareholder remuneration policy is approximately 50% payout of the group net attributable profit (excluding the impacts that do not affect cash or capital ratios directly), split in approximately equal parts in cash dividends and share buybacks. Implementation of this policy is subject to future corporate and regulatory decisions and approvals.