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Communication 08 Apr 2024

BBVA to pay a final dividend of 39 euro cents per share this Wednesday, 26 percent more than in 2023

BBVA shareholders will receive a gross cash dividend of 39 euro cents per share this Wednesday, 26 percent more than in April of last year. This dividend comes on top of the 16 cents per share paid in October as an interim dividend charged to 2023 earnings and the €781 million share buyback initiated on March 4, 2024.
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The 39 cents gross per share that BBVA is delivering this week to its shareholders, added to the 16 cents it already paid last October, brings the 2023 cash dividend to 55 cents gross per share, 28 percent more than last year. BBVA’s shareholder return charged to 2023 earnings also features a share buyback worth €781 million initiated on March 4, 2024. Once complete, BBVA will have paid out more than €4 billion to its shareholders, representing 50 percent of its attributable profit for 2023.

Source: BBVA

Corporate finance

Luisa Gómez Bravo: “BBVA’s ability to combine profitability and growth is unique in the European banking sector"

Luisa Gómez Bravo has been CFO of the Group since September 2023. She recognizes that the first few months in her new role have been very intense. After all, the Finance unit is responsible for the Group’s financial planning and monitoring, for capital, for managing liquidity and structural balance sheet risks, for relations with the Group’s investors and shareholders, and many other functions. After a historic 2023 in financial terms, Gómez Bravo predicts that 2024 will be another great year for BBVA. This will be possible, she maintains, thanks to the Group’s structural strengths:  leading franchises in high growth markets and a strategic focus based on the opportunities provided by innovation, digitization and sustainability. And these focal points have been the main drivers of the bank’s growth. “BBVA’s ability to combine profitability and growth is unique in the European banking sector and it sets us apart from our competitors,” she stressed.

The cash dividend per share has increased in recent years amid improved earnings and share buybacks.

Since 2021, BBVA has delivered nearly €13.2 billion to its shareholders, including dividends and share buybacks. Notably, these repurchases have led to the retirement of around 14 percent of the bank’s shares.¹

Source: BBVA

¹ Including the retirement of all the shares expected to be repurchased under the program worth €781 million in progress.