BBVA shareholders will receive a gross cash dividend of 16 euro cents per share on 11 October, on account of 2023 earnings. This dividend is 33% more than the dividend paid in October 2022 (12 cents per share).
BBVA’s shareholder remuneration policy contemplates a payout of between 40% and 50% of profit. In other words, between 40% and 50% of the profit generated in a financial year is allocated to the payment of cash dividends, which can be combined with share buybacks. This policy is implemented through two payments (an interim payment, usually in October, and a supplementary payment, usually in April). The part of the profit that is not allocated to shareholder remuneration is largely used to strengthen BBVA’s capacity to extend credit.
In addition to this policy, due to its strong capital position, BBVA has made extraordinary share buybacks in recent years. Thus, since 2021 BBVA has distributed €8.2 billion to its shareholders between dividends and share buybacks. If this interim dividend for 2023 is added to this, the figure would amount to more than €9 billion distributed to its shareholders in the period.
BBVA, committed to attractive and sustainable remuneration over time
BBVA’s Chairman and CEO, Carlos Torres Vila, said: “We are firmly committed to maintaining attractive and sustainable remuneration over time for our close to 800,000 shareholders, many of whom are families and savers.
In addition, BBVA creates value for its shareholders through the good performance of the share on the stock market. From January 2021 to the present (with figures at the close of September 26), the BBVA share has appreciated 85%, well above its Spanish (53%) and European (47%) peers.