Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 256

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 8
Chunk 256
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ITEM 8. FINANCIAL INFORMATION
A. Consolidated Statements and Other Financial Information 
Financial Information 
See Item 18.
Dividends
“Final” dividends for a year may be proposed by the Board of Directors to be approved by the Annual General Shareholders’ Meeting following the end of the year to which they relate. Additionally, the Board of Directors may approve the payment of “interim” dividends on account of the year’s end profits following the fulfillment of certain requirements under Spanish law, which payment is endorsed by the Annual General Shareholders’ Meeting. Interim and final dividends are payable to shareholders of record on the record date for the dividend payment. Any unclaimed cash dividends revert to BBVA five years after declaration.
The table below sets forth the gross amount of interim, final and total cash dividends and distributions paid or expected to be paid by BBVA on its shares for the years 2020 to 2024. The rate used to convert euro amounts to U.S. dollars was the noon buying rate at the end of each year.

                                                                     Per Share
                                   Interim                     Final                                   Total
        2020              —              —                                             €0.059         $0.072         €0.059         $0.072
        2021         €0.080         $0.091                                             €0.230         $0.260         €0.310         $0.351
        2022         €0.120         $0.128                                             €0.310         $0.332         €0.430         $0.460
        2023         €0.160         $0.177                                             €0.390         $0.431         €0.550         $0.608
    2024 (1)         €0.290         $0.300                                             €0.410         $0.424         €0.700         $0.725
(1)Includes a cash distribution in the amount of €0.41 gross per share, announced on January 30, 2025 and proposed to be paid in April 2025, as the final dividend for the year 2024 (see “—Cash Dividends” herein). 
Dividend Policy
On November 18, 2021, BBVA announced that its Board of Directors had agreed to modify the Group’s shareholder distribution policy (announced on February 1, 2017), establishing a policy consisting of an annual distribution of between