SAN Dividend History & Analysis | 3% Yield

SAN has a dividend yield of 3% and paid 0.23 EUR per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.02%
Payout Ratio 25.3%
Growth Rate CAGR 5y 31.17%
Consistency Lifetime 87.7%
Yield on Cost 5y 9.18%
Payout FCF -
Streak Years 5
Dividend Rating 72.65%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 90.3%
Total Return 5y: 356.6%

Top Dividend Payers in Diversified Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
BAMI 23,969 M 9.86% 110%
CIB 20,592 M 20.1% 40.4%
SAB 19,438 M 7.21% 61.2%
ISP 120,775 M 6.94% 38.0%
INGA 86,482 M 6.79% 30.2%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
BMPS 31,557 M 244% 34.6%
BAP 27,731 M 208% 83.3%
CIB 20,592 M 133% 87.2%
BAMI 23,969 M 105% 49.1%
CABK 90,804 M 102% 83.2%

Quality Dividend Peers in Diversified Banks

BBVA
Banco Bilbao Vizcaya
 4.54% Yield
BKT
Bankinter
 4.81% Yield
BBVA
Banco Bilbao Viscaya
 5.44% Yield
BAP
Credicorp
 5.69% Yield
CABK
Caixabank
 5.04% Yield
USB
U.S. Bancorp
 4.33% Yield

SAN Dividend History: Last 50 Payments (EUR) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-10-30 2025-11-03 Interim 0.115 4.5% 1.28%
2025-04-29 2025-05-02 Final 0.11 10% 1.69%
2024-10-30 2024-11-01 Interim 0.1 5.3% 2.25%
2024-04-29 2024-05-02 Final 0.095 17.3% 1.94%
2023-10-31 2023-11-02 Interim 0.081 36.1% 2.31%
2023-04-27 2023-05-02 Final 0.0595 2.1% 1.81%
2022-10-31 2022-11-02 Interim 0.0583 13.2% 2.22%
2022-04-28 2022-05-02 Final 0.0515 6.2% 1.81%
2021-10-29 2021-11-02 Interim 0.0485 76.4% 1.49%
2021-04-30 2021-05-04 Final 0.0275 -72.5% 0.87%
2019-10-30 2019-11-01 Interim 0.1 53.8% N/A
2019-04-29 2019-05-02 Quarterly 0.065 0% N/A
2019-01-30 2019-02-01 Quarterly 0.065 85.7% N/A
2018-10-18 2018-11-05 Quarterly 0.035 -46.2% N/A
2018-07-30 2018-08-01 Quarterly 0.065 8.3% N/A
2018-04-27 2018-05-02 Quarterly 0.06 0% N/A
2018-01-30 2018-02-01 Quarterly 0.06 50% N/A
2017-10-18 2017-11-03 Quarterly 0.04 -33.3% N/A
2017-08-02 2017-08-04 Quarterly 0.06 10.9% N/A
2017-04-27 2017-05-02 Quarterly 0.0541 0% N/A
2017-01-30 2017-02-01 Quarterly 0.0541 22.2% N/A
2016-10-18 2016-11-03 Quarterly 0.0443 -18.2% N/A
2016-07-27 2016-08-01 Quarterly 0.0541 10% N/A
2016-04-28 2016-05-03 Quarterly 0.0492 0% N/A
2016-02-01 2016-02-01 Quarterly 0.0492 0% N/A
2015-10-20 2015-11-06 Quarterly 0.0492 0% N/A
2015-08-03 2015-08-01 Quarterly 0.0492 -66.9% N/A
2015-04-14 2015-05-04 Quarterly 0.1485 3.4% N/A
2015-01-14 2015-02-02 Quarterly 0.1436 -3.3% N/A
2014-10-20 2014-11-06 Quarterly 0.1485 -0.7% N/A
2014-07-15 2014-08-01 Quarterly 0.1495 29.1% N/A
2014-04-14 0.1158 -21% N/A
2014-04-10 2014-05-09 Quarterly 0.1466 26.6% N/A
2014-04-09 0.1158 -22.6% N/A
2014-01-13 2014-02-07 Quarterly 0.1495 -0.7% N/A
2013-10-14 2013-11-08 Quarterly 0.1505 2% N/A
2013-07-15 2013-08-01 Quarterly 0.1475 0% N/A
2013-04-10 2013-05-08 Quarterly 0.1475 -1.3% N/A
2013-01-11 2013-02-08 Quarterly 0.1495 1.3% N/A
2012-10-17 2012-11-05 Quarterly 0.1475 -1.3% N/A
2012-07-11 2012-08-13 Quarterly 0.1495 -30.9% N/A
2012-04-13 2012-05-03 Quarterly 0.2164 84.9% N/A
2012-01-16 2012-02-02 Quarterly 0.1171 -5.5% N/A
2011-10-17 2011-11-03 Quarterly 0.1239 -6.8% N/A
2011-08-01 2011-08-01 Quarterly 0.133 -40.9% N/A
2011-05-02 2011-05-02 Quarterly 0.225 92.6% N/A
2011-01-17 2011-02-01 Quarterly 0.1169 -0.2% N/A
2010-10-15 2010-11-01 Quarterly 0.1171 -12% N/A
2010-08-02 2010-09-01 Quarterly 0.133 -77.8% N/A
2010-06-30 2010-06-30 Final 0.5991 0% N/A

SAN Dividend FAQ

Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It...

What is the Dividend Yield of SAN?

As of February 2026, SAN`s dividend yield is 3.02%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.23 EUR by the current share price of 11.16.

Does SAN pay a dividend?

As of February 2026, SAN paid a dividend of 0.23 EUR in the last 12 months. The last dividend was paid on 2025-10-30 and the payout was 0.115 EUR.

How often does SAN pay dividends?

SAN pays dividends semi-annually. Over the last 12 months, SAN has issued 2 dividend payments. The last dividend payment was made on 2025-10-30.

SAN dividend forecast

Based on historical data, the forecasted dividends per share for SAN for the next 4 payments are between 0.018 (-84.3%) and 0.09 (-21.7%).
This represents a significant dividend cut compared to the last payment.

Will SAN pay dividends in 2026?

The latest dividend paid per share was 0.115 EUR with an Ex-Dividend Date of 2025-10-30. The next Ex-Dividend date for Banco Santander S.A. (SAN) is currently unknown.

What is the next Ex-Dividend Date for SAN?

The next Ex-Dividend date for Banco Santander S.A. (SAN) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of SAN?

SAN's average dividend growth rate over the past 5 years is 31.2% per year.
Strong growth: SAN's Dividend growth is outpacing inflation.

What is the Yield on Cost of SAN?

SAN's 5-Year Yield on Cost is 9.18%. If you bought SAN's shares at 2.45 EUR five years ago, your current annual dividend income (0.23 EUR per share, trailing 12 months) equals 9.18% of your original purchase price.

What is the Payout Consistency of SAN?

SAN Payout Consistency is 87.7%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: Banco Santander S.A. has a good track record of consistent dividend payments over its lifetime.

Does SAN have a good Dividend Yield?

SAN`s 3.02% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of SAN?

The Dividend Payout Ratio of SAN is 25.3%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of SAN?

SAN`s Overall Dividend Rating is 72.65%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

SAN Outstanding Shares Analysis

What is the Trend in SAN's Outstanding Shares?

Banco Santander S.A.'s outstanding shares have decreased by approximately 3.25% annually over the past 3 years (Trend Reliability: -33.3%).

Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

Has SAN ever had a Stock Split?

Yes, the last stock split was on Nov 16, 2020 with a ratio of 24:23.

This was a forward split: Each share became 1.04 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
1987 2,042,767,900
1988 2,042,767,900
1989 2,042,767,900
1990 2,042,767,900
1991 2,042,767,900
1992 1,448,091,900 -29.11%
1993 1,701,525,400 +17.5%
1994 2,304,038,400 +35.41%
1995 2,641,969,200 +14.67%
1996 2,618,278,000 -0.9%
1997 2,289,254,000 -12.57%
1998 3,168,327,000 +38.4%
1999 3,779,999,100 +19.31%
2000 4,711,811,600 +24.65%
2001 4,759,862,900 +1.02%
2002 4,975,303,100 +4.53%
2003 4,975,723,600 +0.01%
2004 4,975,723,600
2005 6,526,220,900 +31.16%
2006 6,525,911,400 -0%
2007 6,512,763,600 -0.2%
2008 6,963,700,800 +6.92%
2009 8,955,041,100 +28.6%
2010 8,586,780,500 -4.11%
2011 9,055,661,000 +5.46%
2012 10,460,867,000 +15.52%
2013 12,289,852,000 +17.48%
2014 13,555,897,200 +10.3%
2015 15,234,778,800 +12.38%
2016 16,674,778,400 +9.45%
2017 19,056,517,000 +14.28%
2018 18,877,465,600 -0.94%
2019 17,326,229,800 -8.22%
2020 17,311,025,200 -0.09%
2021 17,311,025,200
2022 24,355,617,000 +40.69%
2023 15,886,330,400 -34.77%
2024 16,325,000,000 +2.76%
2025 14,869,796,000 -8.91%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-18 16:29