Take a fresh look at your lifestyle.

Santander will distribute a dividend of 0.10 euros per share if the ECB gives the go-ahead

0



Banco Santander has announced that will pay out a cash dividend of 0.10 euros per share for 2021, as long as it is approved at the next general meeting of shareholders to be held on October 26 and 27, on the first and second call. However, it will also depend on the approval of the European Central Bank (ECB), which recommended paying remunerations in cash until January due to the Covid-19 pandemic.

It also plans to approve the payment for this year of a dividend in shares, known as 'scrip dividend', equivalent to 0.10 euros per share, as complementary remuneration for 2019, as reported by the entity in a relevant event sent to the National Securities Market Commission (CNMV). In this way, it raises the remuneration for said year to 0.20 euros.

Faced with the crisis derived from the coronavirus, the ECB advised against banks to distribute dividends charged to the 2019 and 2020 financial years, at least until January 2021. Santander's board of directors then decided to cancel the payment of the complementary dividend for 2019 and the remuneration policy for 2020, postponing the decision to the aforementioned October meeting.

Regarding the dividend corresponding to 2020, the entity in July showed its intention to apply a 100% cash compensation policy, subject to the recommendation and regulatory approvals and as soon as market conditions normalize. "That is why it reserved six CET1 capital points until June, keeping your goal of 11-12% and placing the ratio already at 11.84% in the second quarter, "he remarks in the statement.

SHAREHOLDERS 'MEETING

Although the shareholders' meeting was traditionally held in Santander, this October it will take place andn the entity's headquarters in Boadilla del Monte (Madrid). The intention is "to minimize travel and protect the health of shareholders, employees and other people involved in the organization of this event." In addition, the use of remote participation channels is recommended. In fact, it is not ruled out that it is held exclusively electronically depending on the evolution of the pandemic.

In addition to voting on the dividend, the agenda includes the proposed appointment of R. Martín Chávez Márquez as new director. If elected, and subject to the approval of the ECB, he will fill the vacancy left by Esther Giménez-Salinas.

. (tagsToTranslate) Santander (t) will distribute (t) dividend (t) 10 (t) euros (t) share (t) seen (t) good (t) Category: All (t) Category: Company News (t) Category : Europe Report (t) Category: International News (t) Category: Pulsos (t) Category: Pulsos Europa (t) Category: Sectorial: Finance (t) mostread_ultimas (t) mostread_fundsnews (t) mostread_empresas (t) mostread_internacional



Leave A Reply

Your email address will not be published.