The SAN share is listed as an ordinary share on the Continuous Market in Spain, as well as in Mexico and Warsaw. In New York it is listed as an ADR and in London as a CDI.

Check the different SAN share prices in the various markets. The share prices shown have a 15 minute delay.

_{*Existing shareholder remuneration policy defined as c.50% of Group reported profi t (excluding non-cash, non-capital ratios impact items), distributed c.50% in cash dividends and c.50% in share buybacks. The implementation of the shareholder remuneration policy and any share buybacks to distribute CET1 surpluses are subject to future corporate and regulatory decisions and approvals.}

The ordinary general shareholders’ meeting approved a final cash dividend charged against 2024 results in the gross amount of EUR 11.00 cents per share entitled to dividends cash paid from 2 May 2025. Including the interim cash dividend paid in November 2024 (EUR 10.00 cents), the total cash dividend per share paid against 2024 results will be EUR 21.00 cents, around 19% more than the dividends paid against 2023 results.

These dividends are complemented by two share buyback programmes. The first has already been completed for a total of EUR 1,525 million, and the second started on February 2025 after having been approved by the board of directors and having obtained the required regulatory authorization, for a maximum amount of EUR 1,587 million (Click here to access all the information about this second programme). Following the completion of this second programme, the Group will have repurchased 14% of its outstanding shares since we began our buybacks in 2021.

After both actions have been carried out, total shareholder remuneration against 2024 results is therefore expected to be around EUR 6.3 billion, 13% higher than the remuneration against 2023 results, distributed approximately equally between cash dividends and share buybacks.

On 5 February 2025, we announced that the board of directors intends to return up to EUR 10 billion to our shareholders through share buybacks corresponding to 2025 and 2026 results as well as to distribute excesses of our capital¹. With regard to this, on 5 May 2025, Santander announced the sale of c. 49% of Santander Polska to Erste Group Bank and the intention to distribute 50% of the capital released upon completion of the transaction to accelerate its planned share buybacks, equivalent to approximately €3.2 billion, with potential to exceed the previously announced share buyback target, subject to regulatory approval².

_{¹ This share buyback target includes i) buybacks that are part of the existing shareholder remuneration policy, and ii) additional buybacks following the publication of annual results to distribute year-end excesses of CET1 capital, subject to future corporate and regulatory approvals.
² Reference is made to our notice of inside information of 5 May 2025 (official registry number 2728) relating to the sale of c.49% in Santander Bank Polska, S.A. and 50% of Santander’s Polish asset management business TFI to Erste Group Bank AG for a total cash consideration of €7 billion. The transaction is subject to customary conditions including regulatory approvals, including the Polish Financial Supervision Authority (KNF).}

Further information on shareholder remuneration can be found in the following sections of this website:

• Dividends
• Share buybacks and why they’re important to shareholders
• Prices of latest reinvestments (PDF 169 Kb) (Only available in Spanish)
• The most recent and historical dividend payments are shown in the table below.

Here are the most relevant indexes:

Listed below are the increases/reductions in capital which Banco Santander has developed over the periods described.

As communicated by “other relevant information” registered with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 4 December 2024 with registration number 31651, the board of directors, in accordance with the delegation granted by the ordinary general shareholders’ meeting, has resolved on the Bank’s share capital reduction through a cancellation of own shares acquired in the share buy-back programme, the beginning and termination of which Banco Santander properly notified to the market through the notice of inside information published on 27 August 2024 with registration number 2371 and the aforementioned notice of other relevant information published on 4 December 2024 with registration number 31651, respectively.

Banco Santander’s share capital has been reduced by EUR 170,890,625 through the cancellation of 341,781,250 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 7,576,246,161, represented by 15,152,492,322 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed recording the corporate resolutions on the capital reduction and the consequent amendment of Article 5 of the Bank’s By-laws has been registered in the Commercial Registry of Santander, on 20 December 2024. On 27 December, took place the delisting of the 341,781,250 cancelled shares from the Spanish and foreign stock exchanges or stock markets on which the Bank’s shares are listed, and the cancellation of the book-entry records of the cancelled shares before the competent bodies will both be requested.