In December, shareholders received the new shares related to the share capital increase, equivalent to EUR 0.10 per share, as a complementary payment from 2019. Each shareholder received a free allotment right of new shares for each share they hold and had the option of either selling to the market or receiving new shares. As a result, total remuneration for 2019 rose to EUR 0.20 per share.
Dividend against 2020 earnings: In May 2021, Banco Santander paid a dividend charged against 2020 of 2.75 euro cents in cash per share, which was the maximum amount allowed in accordance with the limit established by the European Central Bank's recommendation of 15 December 2020. This payment was made under the resolution for the distribution of share premium approved at the Bank’s general shareholders meeting on 27 October 2020.
The board’s intention is to restore a payout of 40-50% of the underlying profit, in cash, in the medium term.
*Last 12 months