Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 1059

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 1059
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 dividend in the gross amount of 11 euro cents per share entitled to dividends. If approved at the 2025 AGM, the dividend would be payable from 2 May 2025. Once the above-mentioned actions are completed, total shareholder remuneration for 2024 will total 6,293 million euros (approximately 50% of the Group underlying profit in 2024), distributed as approximately 50% in cash dividends (3,181 million euros) and 50% in share buybacks (3,112 million euros). These amounts have been estimated assuming that, as a consequence of the partial execution of the Second 2024 Buyback Programme, the number of outstanding shares entitled to a final cash dividend will be 14,988,884,075. Therefore, that amount may be higher if fewer shares than planned are acquired in the Second 2024 Buyback Programme; otherwise, it will be lower.

For more information see section 3.3.'Dividends and shareholder remuneration' in the 'Corporate governance' chapter included in Part 1 of this annual report on Form 20-F.

12. The offer and listing

Santander’s shares

In 2024, Santander was the most actively traded stock on the Spanish stock exchange. At 31 December 2024, the stock had a 11.41% weighting in the IBEX 35 Index and was ranked third among all Spanish issuers represented in this index. In 2024, 7,713 million shares were traded, for a cash amount of EUR 33,410 million. Our market capitalization of EUR 67,648 million at 2024 year-end made us one of the largest banks in the eurozone by market capitalization.

At 31 December 2024, a total of 3,913,573,686 shares, or 25.83% of our share capital, were held by 1,328 depositary receipt registered holders in our American Depositary Share Program. Citibank, N.A. is the depositary of our American Depositary Share Program.

At 31 December 2024, 62.51% of our shares were held of record by non-residents of Spain.

American Depositary Shares

Our ADSs have been listed and traded on the New York Stock Exchange since 30 July 1987. Each ADS represents one of our shares and is evidenced by an American Depositary Receipt or 'ADR.' Under the deposit agreement, pursuant to