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.

In application of the shareholder remuneration policy for 2022, the board of directors approved the first payment against 2022 results, it will be made in two parts:

• A cash dividend of EUR 5.83 cents per share (pre-tax) paid in November 2022. This is 20% higher than the equivalent in 2021.

• A share repurchase programme:
  • Maximum investment: the Buy-Back Programme will have a maximum monetary amount of €978,864,820. 
  • Maximum price: Banco Santander intends to implement the Buy-Back Programme in a way that causes the average purchase price of shares not to exceed 4.31 euro, corresponding to the tangible book value per share at 30 September 2022. 
  • Maximum number of shares: The maximum number of shares that may be acquired pursuant to the Programme will depend on the average price at which they are acquired, but will not exceed 1,530,040,081 shares. Assuming that the average purchase price at which shares are acquired pursuant to the Programme were 2.606 euros (corresponding to the closing price of the Bank’s share in the Spanish Stock Exchanges of 18 November 2022), the maximum number of shares that would be acquired would be 375,619,654 (2.24% of the Bank’s share capital).
  • Other conditions: shares will be purchased at market price, subject to the following restrictions: 
    1. The Bank may not purchase shares at a price higher than the greater of the following two: (a) the price of the last independent trade, or (b) the highest current independent purchase bid on the trading venue where the purchase is carried out. In no event will the price be higher than a 3% excess of the last listing price for trading operations in which the Bank does not act for its own account on the Spain’s Automated Quotation System (Mercado Continuo). 
    2. The Bank may not purchase on any trading day more than 25% of the average daily volume of the Bank’s shares on the trading venue on which the purchase is carried out. For the purposes of the above computation, the average daily volume will be based on the average daily volume traded in the twenty (20) business days preceding the date of each purchase.
  • Indicative duration of the Buy-Back Programme: from 22 November 2022 to 31 January 2023. However, the Bank reserves the right to terminate the Buy-Back Programme if, prior to its expiry date, the maximum monetary amount is reached or if any other circumstances so advise. 
  • Execution of the Buy-Back Programme: the Programme will be managed by Goldman Sachs International, who will independently make trading decisions concerning timing. Acquisitions under the Buy-Back Programme may be made in the Spanish Automated Quotation System (Mercado Continuo), as well as in Turquoise Europe, DXE Europe and Aquis Exchange Europe. 
  • The interruption, termination or modification of the Buy-Back Programme will be duly communicated to the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores). Transactions under the Buy-Back Programme will be publicly disclosed within 7 daily market sessions following the date of their execution.

As a result, the total remuneration of this first payment will exceed EUR 1.9 billion (+16% compared to the one of 2021) and represents approximately 40% of the underlying profit of H1 2022 (20% dividend payment and 20% share repurchase). The bank plans to announce a further and final remuneration from 2022 earnings in the first quarter of 2023, subject to the appropriate corporate and regulatory approvals.

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

• Dividends
• Prices of latest reinvestments (PDF 92Kb) (Only available in Spanish)
• The most recent and historical dividend payments are shown in the table below.

Santander shares are present in 63 market indexes, here are the most relevant:

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 28 June 2022 (registration number 17086), the board of directors, in accordance with the delegation granted by the ordinary general shareholders’ meeting, has resolved on 28 June 2022 on the Bank’s share capital reduction through a cancellation of own shares acquired in the share buy-back programme carried out between March and May 2022 in the context of the shareholder remuneration applicable to the results of financial year 2021.

Banco Santander’s share capital has been reduced by EUR 143,154,722.50 through the cancellation of 286,309,445 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 8,397,200,792, represented by 16,794,401,584 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed regarding the corporate resolutions on the capital reduction and the consequent amendment of Article 5 of the Bank’s By-laws has been registered with the Commercial Registry of Santander on 1 July 2022. On 5 July, took place the delisting of the 286,309,445 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.