Today BBVA pays the largest dividend in its history | Companies

This Thursday, BBVA will pay its shareholders an interim dividend for 2024 of 29 eurocents gross per share, up 81% from a year earlier and the highest in its history, at the height of the Sabadell takeover bid. . In net terms, the dividend remains at €0.2349. In total, the bank will pay 1.671 million in cash this Thursday, and the shareholders of Banco Sabadell, who accept the takeover offer if the deadline for it opens, will also receive it.

Last week, the bank, chaired by Carlos Torres, adjusted the offer for BBVA to take into account the dividends that the Catalan-born bank had distributed – eight cents per share – and the dividends that his company is going to pay. It therefore announced that it was moving from offering one ordinary share of BBVA for 4.83 Sabadell shares to one share for 5.0196 Sabadell shares and 0.29 euros in cash in dividends, which the Catalan bank described as a price deterioration.

Meanwhile, BBVA said the adjustment is being carried out as planned in the previous takeover announcement in May and is aimed at “maintaining equivalent economic supply conditions after dividends are paid by both companies,” recalls Servimedia.

BBVA’s shareholder remuneration policy provides pay or a percentage of profits designated for dividends of 40% to 50%. This policy is implemented through two payments (one on account, usually in October, and one additional, usually in April). In addition, BBVA has carried out extraordinary share buybacks in recent years.

In total, since 2021, BBVA has distributed €13.2 billion to its shareholders between dividends and share buybacks. If we add to this the €1,700 million in cash that will be distributed next month, the figure is close to €15 billion.

From January 2019 to the present, the total return of BBVA shareholders (taking into account both stock performance and dividends paid) has grown by almost 186%, that is, almost tripled.