BBVA to pay in October highest interim dividend in history
BBVA shareholders will receive on Oct. 10 a gross dividend, against 2024 earnings, of €0.29 per share, 81 percent higher than a year earlier. This is the highest interim dividend to be paid by BBVA to date. The bank will thus distribute about €1.7 billion in cash to shareholders. Following this dividend, from 2021 BBVA will have distributed about €15 billion in dividends and share buybacks.
BBVA’s shareholder distribution policy considers a payout of between 40 and 50 percent of the profit. That means that from the profit earned in a fiscal year, an amount between 40 and 50 percent goes to shareholder’s distributions, and may combine cash dividends and share buybacks. The implementation of said policy materializes through two payments (one interim, normally in October, and a final one, normally in April). In addition to the implementation of this policy, BBVA has carried out extraordinary share buybacks in recent years thanks to its solid capital position.
BBVA is strongly committed to creating value for its shareholders. In this sense, since January 2019 and until now, the total return for BBVA shareholders (which considers both stock performance and paid out dividends), has increased by nearly 186 percent¹, almost tripling. This compares very favorably with a 104 percent increase for European banks and a 69 percent average increase for Spanish banks.
A growing dividend
In total, since 2021 BBVA has distributed €13.2 billion to its shareholders, including dividends and share buybacks. When adding the upcoming €1.7 billion cash interim dividend, the total figure nears €15 billion distributed to shareholders.
(1) As of September, 24.
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