By Mauro Orru

Banco Santander SA said late Thursday that its board has approved a dividend of 2.75 European cents (3.23 U.S. cents) a share to be paid in cash.

The Spanish bank--one of the largest in the eurozone--said it would pay the cash dividend from May 4.

Santander said in early February that its board intended to pay 2.75 European cents as shareholder remuneration for 2020.

The amount is the maximum allowed in accordance with the limits set by the European Central Bank, Santander said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

March 26, 2021 02:56 ET (06:56 GMT)

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