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Shares and dividends

SHARES

Number of outstanding ordinary shares (without nominal value)  19,430,463,305
 
 Number of shares - Historical figures
 

DIVIDEND POLICY

Strong and increasing cash dividend distribution over the course of the 2014-2017 Business Plan: 1.2bn euro paid for 2014, 2.4bn euro paid for 2015, 3bn euro paid for 2016 and 3.4bn euro paid for 2017. In the 2018-2021 Business Plan, commitment to paying out 85% of net income as cash dividends for 2018, 80% for 2019, 75% for 2020 and 70% for 2021: 3.4bn euro of dividends paid for 2018 and net income for the financial year 2019 allocated to reserves, in compliance with the ECB recommendation dated 27 March 2020 on dividend policy, then replaced by the recommendation dated 15 December 2020 in force until 30 September 2021.

DIVIDENDS FOR 2020

In May 2021, 694m euro in cash dividends was paid out, the maximum distributable amount established in the ECB recommendation dated 15 December 2020 and in force until 30 September 2021. In October 2021, 1,935m euro in cash distribution from reserves, for the 2020 results, was paid out, which, in addition to the aforementioned dividends, has led to the payment of a total amount corresponding to a payout ratio of 75% of the 3,505m euro adjusted net income. 

INTERIM DIVIDEND FOR 2021

In November 2021, 1,401m euro was paid out as a cash interim dividend for the 2021 results. 
 
Market Ratios - Historical figures
 
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