Banco Sabadell will pay an interim cash dividend of 8 euro cents per share on 1 October, representing a return of over 4% on the current share price. All Banco Sabadell shares purchased until and including 26 September will be entitled to receive this first payment.
In this way, the Institution will pay a total of 429 million euros, 33% more than the two cash dividends paid on the back of the 2023 results.
Banco Sabadell plans to pay its shareholders a total of 2.9 billion euros for the years 2024 and 2025, equivalent to 53 euro cents per share and nearly 28% of the current share price. Therefore, this first dividend represents just 15% of the total planned for the period, in which 45 euro cents per share more will be paid.
The Group’s Chairman, Josep Oliu, commented: “The Board of Directors is confident in the excellent prospects for improving profitability in the next few years, and in its capacity to generate long-term value for its shareholders”.
This interim dividend is part of the shareholder remuneration policy, which combines a recurring payout of between 40% and 60% of earnings plus the distribution of all CET1 capital exceeding 13%.
After the end of the financial year, the Board of Directors will put forward at the Annual General Meeting, as in previous years, the final dividend proposal, as well as the distribution of excess capital, including the amount equivalent to the pending portion of the share buyback programme announced last April, which was put on hold following the launch of the hostile takeover bid by BBVA.
