BBVA will distribute today a complementary dividend charged to the 2022 financial year for an amount of 0.31 gross per share. In total, it will distribute 1,869 million euros among its shareholders. A remuneration that is added to the 0.12 euros that the bank already distributed last October, so the cash dividend amounts to 0.43 euros gross per share, the highest in the last 14 years.
The shareholders gave the go-ahead at the last General Meeting, held in mid-March, to the proposed complementary dividend, which in net terms stands at 0.25 euros. The total 0.43 euros represent 3,015 million euros and are equivalent to a ‘pay-out’ -percentage of profits dedicated to dividends- of 47%.
This is consistent with the group’s shareholder remuneration policy, which contemplates distributing between 40% and 50% of the profit for the year annually, with the option of combining the payment in cash with the repurchase of shares.
The bank obtained a net profit of 6,420 million last year, 38% more than in 2021. The entity announced in February that it would dedicate 47% of this profit -around 3,000 million- to remunerating shareholders, both through cash dividends or through a share buyback.
These cash dividends are complemented by the new share repurchase plan that the bank launched on March 20 for a value of 422 million euros.
