Key Highlights

  • Banco Santander will pay an interim cash dividend of 12.7 euro cents per share on November 2, 2026.
  • The amount equals about 25% of the group's underlying profit in the first half of 2026.
  • The last trading date with dividend rights is October 28, ex-dividend is October 29, and the record date October 30.
  • A share buyback announced August 10 and begun August 24 forms part of the interim shareholder remuneration.

Banco Santander, S.A. (NYSE:SAN) reported in a Form 6-K dated September 29, 2026 that it will pay an interim cash dividend of 12.7 euro cents per share on November 2, 2026. The filing says the amount is equal to about 25% of the group's underlying profit in the first half of 2026.

It is presented as a report of inside information under securities market legislation and was signed on September 29, 2026 by Pedro de Mingo Kaminouchi, Head of Corporate Compliance.

The Dividend Calendar

The filing sets out the dates that govern who receives the payment. The last trading date with the right to the dividend is October 28, 2026. The shares trade ex-dividend from October 29, 2026, the record date is October 30, 2026, and payment follows on November 2, 2026. Investors who hold shares through the last trading date on October 28 are entitled to the payment, while those who buy on or after October 29 are not.

How the Amount Fits the Remuneration Policy

The filing places the interim dividend within the bank's shareholder remuneration policy. It states that the board targets "a total shareholder remuneration target of c. 50% of the Group's underlying profit," divided roughly equally between cash dividends and share buybacks. The filing also describes a shift in the split for 2027 onwards to approximately 35% in cash dividends and 15% in buybacks, and says the bank intends to distribute excess capital at the end of the 2026-2028 period, subject to future approvals.

The Buyback Alongside the Dividend

The 6-K notes that a share buyback program was announced on August 10, 2026 and began on August 24, 2026. Taken together with the interim dividend, the buyback represents the interim shareholder remuneration in respect of the first-half 2026 results. In other words, the 12.7 euro cent dividend is one of two components, the other being the repurchase of shares, and the filing presents them as a package rather than as separate decisions.

Santander is a Spanish bank that files reports with the SEC on Form 6-K as a foreign private issuer, furnishing material information it has also made public in Spain. This filing is described as a communication of inside information, the category of disclosure that Spanish securities regulation requires companies to make when they hold price-relevant information. The document consists of the main 6-K and a small image file.

Santander's Dividend Calendar and Remuneration Split

The dates in the filing are the ones to track: October 28 as the last day to trade with the dividend right, October 29 as the ex-dividend date, October 30 as the record date and November 2 as the payment date. The filing also mentions the 2026-2028 excess-capital distribution intention and the change in the cash dividend and buyback mix from 2027 onwards. Any further steps on those points would require approvals that the filing describes as still to come, and it does not give timing for them.