Santander office building in London.
Luke MacGregor | Bloomberg via Getty Images
MADRID, Feb 28 (Reuters) – Spain’s Santander said on Tuesday it plans to raise its real equity ratio (ROTE) for the period 2023-2025 to between 15%-17% from the current 13.37% with higher profits. and interest rates in some core markets in Europe, such as Spain, and in South America.
The lender also revealed in a presentation to Spanish supervisors a new dividend payment policy for the period of 50% of consolidated ordinary profits, compared to the previous policy of 40%.
Santander Company pays 0.0595 Euro dividend per last share and the annual dividend yield is 0.0595 Euro. As a result, the total dividend per share for 2022 will rise to 0.1178 euros, an increase of 18% compared to 2021. It also announced an additional share buyback program of 921 million euros ($974.79 million) after obtaining regulatory authorization.
Remuneration of the bank’s shareholders against the 2022 results will rise to 3.84 billion euros, divided equally between cash dividends and share buybacks.