Banco Santander, S.A. (SAN) to Issue Dividend of $0.15 on May 8th

Banco Santander, S.A. (NYSE:SAN) declared a dividend on Wednesday, March 4th. Investors of record on Monday, May 4th will be paid a dividend of 0.1473 per share by the bank on Friday, May 8th. This represents a dividend yield of 254.0%. The ex-dividend date of this dividend is Monday, May 4th.

Banco Santander has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 16.2%.

Banco Santander Price Performance

Shares of SAN opened at $12.08 on Friday. The firm has a market cap of $177.51 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.69 and a beta of 0.73. Banco Santander has a 1 year low of $7.07 and a 1 year high of $13.24. The stock has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $11.46.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The business had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. On average, equities analysts anticipate that Banco Santander will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of Banco Santander by 77.4% in the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after purchasing an additional 183,051 shares during the period. Integrated Wealth Concepts LLC raised its stake in Banco Santander by 3.7% in the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock worth $482,000 after buying an additional 2,566 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after buying an additional 7,508 shares during the period. Focus Partners Wealth boosted its position in Banco Santander by 65.3% during the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after acquiring an additional 28,107 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Banco Santander during the 1st quarter worth approximately $601,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.