BBVA pays €0.41 per share this Thursday and reaches its highest dividend in 17 years in 2024
On Thursday, April 10, BBVA will pay a supplementary dividend of €0.41 per share. Added to the interim dividend paid in October, the total payout for 2024 rises to €0.70 per share, the bank’s highest since 2007. BBVA has also announced a €993 million share buyback. Through dividends and the buyback, the bank will return a combined €5.03 billion to shareholders this year, half of its 2024 profit.
On Thursday, April 10, BBVA will pay a supplementary dividend of €0.41 per share, 5.1% more than the April payout last year. Combined with the €0.29 interim dividend distributed in October, the total cash dividend for 2024 rises to €0.70 per share. The bank has also announced a new €993 million share buyback. Altogether, BBVA will return €5.03 billion to shareholders this year, underlining its commitment to strong and growing returns.
Rising profits and a stronger capital base have enabled BBVA to steadily raise shareholder returns. Since 2021, it has distributed over €18 billion through dividends and sharebuybacks.
(1) Pay-out percentage calculated taking into account the following: 2024 Reported results (€10,054 M).
(2) Amount calculated taking into account that the equivalent cash amount of the new Share Buy Back program is €17 cents per share.
(3) Gross figures.
(4) Pending approval from the governing bodies and subject to mandatory regulatory approval.
(5) As of market price at closing of January 29, 2025.
BBVA's strong commitment to creating value for its shareholders
BBVA’s shareholder distribution policy targets an annual payout of 40 percent to 50 percent of consolidated profits. Shareholders may receive this return through cash dividends or share buybacks. The payout is typically made in two installments: an interim payment in October and a supplementary one in April. Beyond its regular payout policy, BBVA has conducted two extraordinary share buybacks in recent years, totalling €4.16 billion. The bank has also pledged to return any capital exceeding a 12 percent CET1 ratio to shareholders.
BBVA is heavily committed to creating value for all of them. Since January 2019¹, BBVA’s total shareholder return—which includes both share price performance and dividends paid—has grown by close to 380 percent, or almost quadruple. This strong growth significantly outpaces the average gains seen by European banks and exceeds the performance of Spanish banks over the same period (156 percent and 128 percent, respectively).