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Banco Santander ( (ES:SAN) ) just unveiled an update.
Banco Santander has announced a new share buyback program as part of its shareholder remuneration policy, which aims to distribute approximately 50% of its ordinary profit between cash dividends and share buybacks. The program, set to begin in February 2025, will allocate around 1,587 million euros to buy back shares, representing approximately 25% of the Group’s ordinary profit for the second half of 2024. This initiative reflects the bank’s strategy to manage its capital structure and enhance shareholder value by reducing share capital through amortization of acquired shares.
More about Banco Santander
Banco Santander is a major global banking institution that operates primarily in the financial services industry. The company offers a wide range of banking products and services, including personal and commercial banking, investment banking, and asset management, with a significant focus on serving its international clientele.
YTD Price Performance: 14.23%
Average Trading Volume: 7,928,175
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £60.92B
For an in-depth examination of SAN stock, go to TipRanks’ Stock Analysis page.
