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Banco de Sabadell Proposes Dividend and Share Buyback Initiatives

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Banco de Sabadell Proposes Dividend and Share Buyback Initiatives

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Banco de Sabadell ( (ES:SAB) ) has issued an update.

Banco de Sabadell announced a proposal to distribute a complementary dividend of 12.44 cents per share for the 2024 fiscal year, culminating in a total cash remuneration of 60% of the attributable profit. Additionally, the bank plans to initiate two significant share buyback programs, subject to shareholder approval, reflecting its strategy to enhance shareholder returns and manage excess capital effectively.

More about Banco de Sabadell

Banco de Sabadell, S.A. operates in the banking industry, providing a range of financial services and products. The bank focuses on delivering shareholder value and maintaining a strong capital position in the European market.

YTD Price Performance: 21.33%

Average Trading Volume: 1,867,440

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €12.28B

See more data about SAB stock on TipRanks’ Stock Analysis page.

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