Santander Proposes Cash Dividend for 2020

   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)

Banco Santander (NYSE:SAN)
Historical Stock Chart
From Mar 2024 to Apr 2024