By Adria Calatayud
Banco Santander raised its final dividend for 2024 after it reported a record annual profit earlier this month.
The Spanish bank said late Tuesday that it plans to pay a final dividend for 2024 of 11 European cents ($0.12), up from a 9.50 European cents payout a year earlier.
When added to an interim dividend of 10 European cents Santander paid last year, the bank's total dividends for the year increased by 19%, it said.
Santander said the final dividend takes its total returns to shareholders for its 2024 results to about 6.3 billion euros, split equally between dividends and share buybacks. The lender started a buyback program of about 1.59 billion euros earlier this month.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
February 26, 2025 01:04 ET (06:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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