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The SAN share is listed as an ordinary share on the Continuous Market in Spain, as well as in Mexico and Warsaw. In New York it is listed as an ADR and in London as a CDI.
Check the different SAN share prices in the various markets. The share prices shown have a 15 minute delay.
CASH DIVIDEND
€11.5 cents per share
To be paid from 3 November 2025
FIRST BUYBACK PROGRAMME
≈€1,700 mn
In application of the Bank’s current shareholder remuneration policy, consisting of a total shareholder remuneration target of c. 50% of the Group’s underlying profit1, split approximately in equal parts in cash dividend payments and share buybacks, the board of directors approved the payment of an interim cash dividend against 2025 results of 11.5 euro cents per share, equivalent to c. 25 % of the Group’s underlying profit2 in the first half of 2025.
This distribution, together with the on-going share buyback programme that was announced on 30 July 2025, represents the interim shareholder remuneration against the Group underlying profit3 in the first half of 2025. You can find all the information about this buyback programme here.
The implementation of the remainder of the shareholder remuneration policy for 2025 is subject to the appropriate corporate and regulatory approvals and decisions.
1 2 3 Underlying profit considered for this purpose is reported profit (excluding non-cash, non-capital ratios impact items).
Further information on shareholder remuneration can be found in the following sections of this website:
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Here are the most relevant indexes:
Name | Weight to 30/06/2025 | Geographic Area | Index type |
---|---|---|---|
Ibex 35 | 14.67% | Spain | General |
EURO STOXX Banks | 12.50% | Europe | Financial |
STOXX Europe 600 Banks | 7.68% | Europe | Financial |
August 2025 | |
Recommendation | |
% BUY | 69% |
% HOLD | 24% |
% SELL | 7% |
Source | Bloomberg |
Date | 31/08/2025 |
Target price | |
Average target price | 8.16 € |
Source | Bloomberg |
Date | 31/08/2025 |
* Note: 12 month target price based on updates provided by Analysts within the last 3 months. |
August 2025 | ||
Organization | Recommendation | Target price |
Alantra Equities | Buy | 9.00 |
AlphaValue/Baader Europe | Sell | 7.23 |
Autonomous Research | Hold | 7.90 |
Banco Sabadell | Buy | 7.96 |
Barclays | Buy | 8.40 |
Bestinver Securities | Buy | 8.10 |
BNP Paribas Exane | Buy | 8.40 |
CaixaBank BPI | Buy | 8.70 |
Citi | Buy | 7.20 |
Deutsche Bank | Buy | 8.20 |
DZ Bank AG Research | Buy | 8.50 |
Goldman Sachs | Buy | 9.40 |
GVC Gaesco Valores (ESN) | Buy | 7.90 |
Intesa Sanpaolo | Buy | 8.60 |
Jefferies | Buy | 7.10 |
JP Morgan | Hold | 8.80 |
Keefe Bruyette & Woods | Buy | 9.23 |
Kepler Cheuvreux | Hold | 7.54 |
Landesbank Baden-Wuerttemberg | Buy | 9.00 |
Mediobanca | Buy | 8.80 |
Morgan Stanley | Buy | 9.50 |
Morningstar | Sell | 5.80 |
Oddo BHF | Buy | 8.40 |
RBC Capital | Hold | 7.50 |
Renta 4 SAB | Hold | 7.62 |
Rothschild & Co Redburn | Hold | 7.00 |
UBS | Buy | 8.45 |
Listed below are the increases/reductions in capital which Banco Santander has developed over the periods described.
BORME announcement of capital reduction June/2025 (PDF 189 kb) (Only available in Spanish)
Date | 02/06/2025 |
---|---|
Shares | 14,885,325,372 |
Nominal | 0.50 |
Share Capital | 7,442,662,686 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 267,166,950 own shares under the share repurchase program |
BORME announcement of capital reduction December/2024 (PDF 189 kb) (Only available in Spanish)
BORME announcement of capital reduction June/2024 (PDF 136 kb) (Only available in Spanish)
BORME announcement of capital reduction February/2024 (PDF 137 kb) (Only available in Spanish)
Date | 17/12/2024 |
---|---|
Shares | 15,152,492,322 |
Nominal | 0.50 |
Share Capital | 7,576,246,161 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 341,781,250 own shares under the share repurchase program |
Date | 25/06/2024 |
---|---|
Shares | 15,494,273,572 |
Nominal | 0.5 |
Share Capital | 7,747,136,786 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 331,305,000 own shares under the share repurchase program |
Date | 30/01/2024 |
---|---|
Shares | 15,825,578,572 |
Nominal | 0.50 |
Share Capital | 7,912,789,286 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 358,567,487 own shares under the share repurchase program |
BORME announcement of capital reduction June/2023 (PDF 140 kb) (Only available in Spanish)
BORME announcement of capital reduction March/2023 (PDF 137 kb) (Only available in Spanish)
Date | 27/06/2023 |
---|---|
Shares | 16,184,146,059 |
Nominal | 0.50 |
Share Capital | 8,092,073,029.50 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 269,848,953 own shares under the share repurchase program |
Date | 15/03/2023 |
---|---|
Shares | 16,453,995,012 |
Nominal | 0.50 |
Share Capital | 8,226,997,506 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 340,406,572 own shares under the share repurchase program |
BORME announcement of capital reduction June/2022 (PDF 136 kb) (Only available in Spanish)
BORME announcement of capital reduction April/2022 (PDF 135 kb) (Only available in Spanish)
Date | 28/06/2022 |
---|---|
Shares | 16,794,401,584 |
Nominal | 0.50 |
Share Capital | 8,397,200,792.00 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 286,309,445 own shares under the share repurchase program |
Date | 30/03/2022 |
---|---|
Shares | 17,080,711,029 |
Nominal | 0.50 |
Share Capital | 8,540,355,514.50 |
Currency | EURO |
Type | Capital reduction by cancellation of treasury stock |
Characteristics | Capital reduction by the cancellation of 259,930,273 own shares under the share repurchase program |
Date | 10/12/2020 |
Shares | 17,340,641,302 |
Nominal | 0,5 |
Share Capital | 8,670,320,651 |
Currency | EURO |
Type | Capital increase against reserves |
Characteristics | 722,526,720 shares issued as part of the capital increase |
Date | 12/09/2019 |
---|---|
Shares | 16,618,114,582 |
Nominal | 0,5 |
Share Capital | 8,309,057,291 |
Currency | EURO |
Type | Capital increase |
Characteristics | 381,540,640 shares issued as part of the offer to buy Banco Santander (Mexico) shares. |
Date | 14/11/2018 |
---|---|
Shares | 16,236,573,942 |
Nominal | 0,5 |
Share Capital | 8,118,286,971 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 100,420,360 shares under the framework of the Santander Scrip Dividend programme. |
Date | 14/11/2017 |
---|---|
Shares | 16,236,573,942 |
Nominal | 0.50 |
Share Capital | 8,118,286,971 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 100,420,360 shares under the framework of the Santander Scrip Dividend programme. |
Date | 31/07/2017 |
---|---|
Shares | 16,040,573.446 |
Nominal | 0.50 |
Share Capital | 8,020,286.723.0 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issuance of 1,458.,232,745 new shares. |
Date | 07/11/2016 |
---|---|
Shares | 14,582,340,701 |
Nominal | 0,5 |
Share Capital | 7,291,170,350.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 147,848,122 shares under the framework of the Santander Scrip Dividend programme. |
Date | 05/11/2015 |
---|---|
Shares | 14,434,492,579 |
Nominal | 0.50 |
Share Capital | 7,217,246,289.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 117,859,774 shares under the framework of the Santander Scrip Dividend programme. |
Date | 07/05/2015 |
---|---|
Shares | 14,316,632,805 |
Nominal | 0.50 |
Share Capital | 7,158,316,402.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 256,046,919 shares under the framework of the Santander Scrip Dividend programme. |
Date | 05/02/2015 |
---|---|
Shares | 14,060,585,886 |
Nominal | 0.50 |
Share Capital | 7,030,292,943.00 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 262,578,993 shares under the framework of the Santander Scrip Dividend programme. |
Date | 12/01/2015 |
---|---|
Shares | 13,798,006,893 |
Nominal | 0.50 |
Share Capital | 6,899,003,446.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issuance of 1.213.592.234 new shares. |
Date | 06/11/2014 |
---|---|
Shares | 12,584,414,659 |
Nominal | 0.50 |
Share Capital | 6,292,207,329.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 225,386,463 shares under the framework of the Santander Scrip Dividend programme. |
Date | 05/11/2014 |
---|---|
Shares | 12,359,028,196 |
Nominal | 0.50 |
Share Capital | 6,179,514,098 |
Currency | EURO |
Type | Capital increase |
Characteristics | 370,937,066 shares issued as part of the offer to buy Banco Santander (Brazil) shares. |
Date | 31/07/2014 |
---|---|
Shares | 11,988,091,130 |
Nominal | 0.50 |
Share Capital | 5,994,045,565 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 210,010,506 shares under the framework of the Santander Scrip Dividend programme. |
Date | 30/04/2014 |
---|---|
Shares | 11,778,080,624 |
Nominal | 0.50 |
Share Capital | 5,889,040,312 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 217,013,477 shares under the framework of the Santander Scrip Dividend programme. |
Date | 31/01/2014 |
---|---|
Shares | 11,561,067,147 |
Nominal | 0.50 |
Share Capital | 5,780,533,573.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 227,646,659 shares under the framework of the Santander Scrip Dividend programme. |
Date | 04/11/2013 |
---|---|
Shares | 11,333,420,488 |
Nominal | 0.50 |
Share Capital | 5,666,710,244.00 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 241,310,515 shares under the framework of the Santander Scrip Dividend programme. |
Date | 01/08/2013 |
---|---|
Shares | 11,092,109,973 |
Nominal | 0.50 |
Share Capital | 5,546,054,986.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 282,509,392 shares under the framework of the Santander Scrip Dividend programme. |
Date | 02/05/2013 |
---|---|
Shares | 10,809,600,581 |
Nominal | 0.50 |
Share Capital | 5,404,800,290.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 270,917,436 shares under the framework of the Santander Scrip Dividend programme. |
Date | 31/01/2013 |
---|---|
Shares | 10,538,683,145 |
Nominal | 0.50 |
Share Capital | 5,269,341,572.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 217,503,395 shares under the framework of the Santander Scrip Dividend programme. |
Date | 05/11/2012 |
---|---|
Shares | 10,321,179,750 |
Nominal | 0.50 |
Share Capital | 5,160,589,875 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 222,107,497 shares under the framework of the Santander Scrip Dividend programme. |
Date | 09/10/2012 |
---|---|
Shares | 10,099,072,253 |
Nominal | 0.50 |
Share Capital | 5,049,536,126.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 200,311,513 new shares to cover the redemption of Santander Securities. |
Date | 07/09/2012 |
---|---|
Shares | 9,898,760,740 |
Nominal | 0.50 |
Share Capital | 4,949,380,370 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 14,333,873 new shares to cover the redemption of Santander Securities. |
Date | 08/08/2012 |
---|---|
Shares | 9,884,426,867 |
Nominal | 0.50 |
Share Capital | 4,942,213,343.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 37,833,193 new shares to cover the redemption of Santander Securities. |
Date | 01/08/2012 |
---|---|
Shares | 9,846,593,674 |
Nominal | 0.50 |
Share Capital | 4,923,296,837 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 218,391,102 shares under the framework of the Santander Scrip Dividend programme. |
Date | 06/07/2012 |
---|---|
Shares | 9,628,202,572 |
Nominal | 0.50 |
Share Capital | 4,814,101,286 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 193,095,393 new shares to cover the redemption of Santander Securities. |
Date | 08/06/2012 |
---|---|
Shares | 9,435,107,179 |
Nominal | 0.50 |
Share Capital | 4,717,553,589.50 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issue of 73,927,779 new shares to settle the conversion of 195.923 bonds (Compulsory Convertible Bonds 2007 Issue I). |
Date | 03/05/2012 |
---|---|
Shares | 9,361,179,400 |
Nominal | 0.50 |
Share Capital | 4,680,589,700 |
Currency | EURO |
Type | Capital increase |
Characteristics | Issuance of 284,326,000 shares under the Santander Scrip Dividend programme. |
As communicated by “other relevant information” registered with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 3 June 2025 with registration number 35106, 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 5 February 2025 with registration number 2584 and the aforementioned notice of other relevant information published on 3 June 2025 with registration number 35106, respectively.
Banco Santander’s share capital has been reduced by EUR 133,583,475 through the cancellation of 267,166,950 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 7,442,662,686, represented by 14,885,325,372 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 6 June 2025. On 13 June 2025, took place the delisting of the 267,166,950 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.
30 June 2025 | ||
Shares | Capital stock % | |
Board | 196,050,495 | 1.32% |
Institutional | 9,321,782,496 | 62.62% |
Retail | 5,367,492,381 | 36.06% |
Total | 14,885,325,372 | 100.00% |
30 June 2025 | |
Geographical area | Capital stock (%) |
Europe | 70.77% |
America | 27.48% |
Rest | 1.75% |
30 June 2025 | |||
Share holdings | Shareholders | Shares | Share capital % |
1 - 200 | 2,130,071 | 215,313,987 | 1.45% |
201 - 1.000 | 694,688 | 409,724,441 | 2.75% |
1.001 - 3.000 | 385,225 | 643,712,488 | 4.32% |
3.001 - 30.000 | 273,814 | 2,238,911,707 | 15.04% |
30.001 - 400.000 | 23,765 | 1,510,766,424 | 10.15% |
More than 400.000 | 698 | 9,866,896,325 | 66.29% |
Total | 3,508,261 | 14,885,325,372 | 100.00% |