Banco Santander stock raises its dividend by 10 percent

Published on 10/03/2026 at 23:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco Santander stock carries a EUR 0.127 interim dividend dated September 29, 2026. RBC cut its target to EUR 13.25 while retaining Outperform.

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Banco Santander (ISIN ES0113900J37) closed at EUR 11.808 on the Madrid Stock Exchange on October 2, 2026, while the bank set its 2026 interim dividend at EUR 0.127 per share. Santander said on September 29, 2026, that the payout is 10 percent higher than the interim dividend paid last year.

Dividend reaches EUR 0.127

The cash payment is scheduled for November 2, 2026, and the last day to trade with the dividend right is October 28, 2026, according to Santander.

The distribution decision follows a record first half. Santander reported EUR 7,328 million in underlying profit for H1 2026, up 15 percent year over year, while revenue increased 6 percent to EUR 30,847 million, according to the bank's September 29 release.

Profit growth supports payout

The same release showed an efficiency ratio of 42.8 percent, an improvement of 2.9 percentage points, and a customer base of 182 million after a 12 million increase over the previous twelve months.

For 2026, Santander retained its target for mid-single-digit revenue growth, lower costs in constant euros and underlying profit above the EUR 14.1 billion reported for 2025. The bank also targets a year-end CET1 ratio between 12.8 percent and 13 percent.

RBC lowers its target

RBC Capital Markets cut its Banco Santander price target from EUR 13.50 to EUR 13.25 on October 1, 2026, while maintaining its Outperform recommendation, as reported by Yahoo Finance. The new target stood 12.21 percent above the October 2 price of EUR 11.808.

The next scheduled reporting event is the 9M 2026 earnings presentation on October 28, 2026, according to Santander's investor calendar. That date also marks the final trading day for the interim dividend entitlement, linking the earnings update and shareholder payout in the same market session.

Stock remains below yearly high

Banco Santander stock closed at EUR 11.808 on October 2, 2026, down 0.03 percent on the Madrid Stock Exchange. The session range was EUR 11.6160 to EUR 11.9420, while the 52-week range was EUR 8.1000 to EUR 13.1200.