Total shareholder remuneration in cash for the financial year 2024, which combines the interim dividend and the final dividend, will be 0.2044 euros per share, equivalent to 60% of attributable profit.
During its meeting held on 6 February 2025, Banco Sabadell’s Board of Directors agreed to submit a proposal to the Annual General Meeting for the distribution of a final cash dividend to shareholders of 0.1244 euros (gross) per share.
This dividend supplements the interim cash dividend of 0.08 euros (gross) per share paid on 1 October 2024, thus bringing total shareholder remuneration in cash to 0.2044 euros (gross) per share for the financial year 2024.
The dividend proposal will need to be approved at the next Annual General Meeting, and the final dividend will be paid out after the AGM has taken place.
Banco Sabadell’s Board of Directors has also agreed, having obtained prior approval from the European Central Bank, to propose a share buyback for a total amount of 1,002 million euros.
On one hand, a proposal will be put forward to resume the share buyback programme charged to earnings for 2023, currently suspended following the announcement of a hostile takeover bid, for an outstanding amount of 247 million euros pending execution.
On the other hand, a proposal will be put forward to distribute capital exceeding the 13% CET 1 threshold, for a share buyback programme of up to 755 million euros.