Spanish bank Santander (SAN.MC), opens new tab launched a 1.525 billion euro ($1.7 billion) share buyback programme on Tuesday as part of its shareholder remuneration target of about 50% underlying profit.
The group’s distribution policy is split in roughly equal parts between cash dividends and share buybacks.
In the first half of 2024 Santander booked a record net profit of 6.06 billion euros.
The decision on the interim dividend cash payout against 2024 results will be submitted for board approval on Sept. 24, the bank said.
Source: REUTER
