The dividend season picks up again with the arrival of autumn, as every year, and Spanish banks have been able -after a year and a half of prohibitions- to join the old traditions again. . In fact, Bankinter paid a dividend of 0.133 euros per share yesterday, the first since the end of the veto imposed by the European Central Bank (ECB) that ended on September 30. The other two are Santander and BBVA, the next to go through the box.
The entity chaired by Carlos Torres announced this Thursday the distribution of a gross payment of 0.08 euros per share, which rents at current prices 1.43%. The payment will take place on October 12 and in order to access it it is necessary to buy company shares before the session on October 8, the date from which it will no longer be listed without the right to receive the dividend. With this payment, BBVA joins the Ecodividend portfolio, prepared by elEconomista, which selects the most attractive payments on the national scene.
BBVA and Santander have remained in the lower part of the forecasts for the payment charged to 2021
What has the bank committed to in its return to shareholder remuneration? It will pay a payment of between 35% and 40% of the net profit achieved by the group at the end of 2021, in addition to a share repurchase for up to a maximum of 10% of the capital that starts next November. This places BBVA as the Spanish bank with the most profitable dividend forecast for this year. It would reach 13% profitability with ease thanks to the 10% of the mainly. In it, at current prices, BBVA should invest just over 3,700 million euros, which come from the sale of its US business.
Regarding the cash dividend, its expected return would go from 3.4% to 3.8% depending on which payout the entity finally applies. If we take into account a net profit of 3,590 million euros forecast for 2021 by the consensus of analysts and a distribution of 35%, the gross dividend per share could be, for the year as a whole, at 0.188 euros. If the payout were to rise to 40% -the maximum expected by the entity- that amount would rise to 0.215 euros gross. The second payment is scheduled for the month of April.
Other bank dividends
Banco Santander could achieve a 6.2% return on its payment, which this year, for the first time, will be complemented with a share repurchase. in this way -in the lower part of the forecast-, half in cash and the other half in kind. The entity will distribute the first of the payments charged to 2021 on November 2, for a value of 0.485 euros gross per title, which currently rents 1.56%. In total, and on an expected net result of around 6,700 million euros, it could distribute 0.097 euros in cash and the equivalent for the same amount through the repurchase of its titles.
The fourth and last of the expected bank payments for this year still remains to be announced. Its dividend is expected for the last days of December.
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