Banco Santander Dividend Poli

RNS Number : 1473B

Banco Santander S.A.

21 October 2009

 

MATERIAL FACT

With respect to the information on its dividend policy that has appeared in certain media, Banco Santander hereby states as follows:

• That the Group's traditional policy on dividends is to assign approximately 50% of the Group's ordinary income to the payment of dividends (a pay-out of around 50%).

      2.   That, in this context, regarding 2009, the Bank's objective is to assign EUR 4,812 million to 
             remunerate its shareholders, the same amount as that assigned in 2008, as stated at 
             the Annual General Meeting of Shareholders last June.

      3.   That the decisions to be taken in due course on matters of shareholder remuneration 
             charged to the 2010 financial year will be in line with the aforementioned pay-out policy 
             of around 50%.

       4.   That the Bank considers it appropriate that Grupo Santander maintains a high core capital 
             ratio, demonstrating the strength of its balance sheet and equity.

Boadilla del Monte (Madrid), 21st October 2009

 

END

 

 

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