Shares and dividends


Number of outstanding ordinary shares (without nominal value)  18,988,803,160
 Number of shares - Historical figures


Over the time horizon of the 2022-2025 Business Plan: a cash dividend distribution was envisaged corresponding to a
payout ratio, based on the consolidated net income, of  70% each year of the Plan; a buyback of 3.4bn euro (*) 
was approved at the Shareholders’ Meeting and authorised by the ECB.

(*) Amount equivalent to the suspended 2019 dividend.


For the 2022 results, cash interim dividends of 1.4bn euro were paid in November 2022 and the payment
of cash remaining dividends of 1.6bn euro was approved by the Board of Directors in February 2023 and will be
proposed at the annual shareholders’ meeting, for a total dividend distribution of 3bn euro.


Purchase of own shares for annulment for a total outlay of 3.4bn euro. Initial programme for an outlay of 1.7bn euro launched on 4 July 2022 and completed on 11 October 2022; programme for the remaining outlay of 1.7bn euro 
launched on 13 February 2023 and to be concluded by 12 May 2023.

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