Santander's shares are listed on five markets: on four exchanges in Spain, in the US (as an ADR), in the UK (as a CDI), in Mexico (Sistema Internacional de Cotizaciones) and in Poland.

Check the different SAN share prices in the various markets. The share prices shown have a 15 minute delay.

The general shareholders’ meeting approved a final cash dividend of €12.5 cents per share against H2 2025 results. The dividend will be payable from 5 May 2026. Considering the interim cash dividend of €11.50 cents per share paid in November 2025, the total cash dividend per share paid against 2025 results was 14% higher than that paid against 2024 results.

Likewise, the board of directors approved a Buyback Programme worth up to €5,030 million. The programme started on 4 February 2026. This programme includes €1,830 million corresponding to c.25% of the Group’s net reported profit for H2 2025, under the ordinary shareholder remuneration policy and the remaining amount corresponds to an extraordinary buyback of €3,200 million, equivalent to approximately 50% of the CET1 capital generated following completion of the Poland disposal.

This programme puts us on track to achieve our goal of distributing at least €10 billion through share buybacks charged against 2025 and 2026 results and against expected capital excess¹.

Considering the ongoing share buyback², we have already carried out approximately 70% of this goal. Considering the final cash dividend and the second share buyback as part of our ordinary payout policy, total shareholder remuneration charged against 2025 results will be €7,050 million (approximately 50% of the Group’s 2025 net reported profit, excluding non-cash, non-capital ratios impact items), split almost evenly between cash dividends and share buybacks.

<sup>1. As previously announced, Santander intends to allocate at least €10 billion to shareholders through share buybacks charged against 2025 and 2026 results and against the expected capital excess. This share buyback target includes: i) buybacks that are part of the existing shareholder remuneration policy; and ii) additional buybacks following the publication of annual results to distribute year-end excesses of CET1 capital. The implementation of the shareholder remuneration policy and additional buybacks is subject to future corporate and regulatory decisions and approvals.
2. The current share buyback program has been temporarily suspended from April 24 to May 26, 2026, pending Webster’s shareholder meeting, at which Santander’s acquisition of the U.S. bank will be put to a vote, in line with regulatory requirements.</sup>

Further information on shareholder remuneration can be found in the following sections of this website:

• Dividends
• Share buybacks and why they’re important to shareholders
• Prices of latest reinvestments (PDF 160 Kb) (Only available in Spanish)
• The most recent and historical dividend payments are shown in the table below.

Shareholder return

Here are the most relevant indexes:

Listed below are the increases/reductions in capital which Banco Santander has developed over the periods described.

As communicated by “other relevant information” registered with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 23 December 2025 with registration number 38297, the board executive committee, in accordance with the delegations granted by the ordinary general shareholders’ meeting and the board of directors, has resolved on the Bank’s share capital reduction through a cancellation of own shares acquired in the share buy-back programme, the beginning and termination of which Banco Santander properly notified to the market through the notice of inside information published on 30 July 2025 with registration number 2844 and the aforementioned notice of other relevant information published on 23 December 2025 with registration number 38297, respectively.

Banco Santander’s share capital has been reduced by EUR 98,002,935 through the cancellation of 196,005,870 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 7,344,659,751, represented by 14,689,319,502 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed recording the corporate resolutions on the capital reduction and the consequent amendment of Article 5 of the Bank’s By-laws has been registered in the Commercial Registry of Santander, on 30 December 2025. On January 5, took place the delisting of the 196,005,870 cancelled shares from the Spanish and foreign stock exchanges or stock markets on which the Bank’s shares are listed, and the cancellation of the book-entry records of the cancelled shares before the competent bodies will both be requested.