Santander Proposes Cash Dividend for 2020
September 21 2020 - 1:24PM
Dow Jones News
By Pietro Lombardi
Banco Santander SA said Monday that it will ask its shareholders
to approve a cash dividend of 0.10 euros a share for 2020 and a
scrip dividend of the same amount for 2019.
Shareholders will vote in the last week of October, the Spanish
bank said.
The cash dividend for this year, to be paid in 2021, is subject
to some conditions, including approval by the European Central Bank
and capital levels.
The dividend for 2019 will be paid in new shares, and will take
the overall payment for that year to EUR0.20.
The lender had previously canceled its final dividend for 2019
and suspended the dividend policy for this year after the European
Central Bank asked banks not to pay dividends as they face the
impact of the coronavirus pandemic.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
September 21, 2020 13:09 ET (17:09 GMT)
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