Santander, BBVA, CaixaBank, Bankia, Bankinter and Sabadell will pay a total of 7,300 million euros in dividends charged to the results of last year, 3.5% more than those distributed by the 2017 accounts. That is, they will allocate the 44% of the 16,676 million euros they earned in 2018. All entities improve the amount per share, except for Banco Sabadell, which reduces it by 57%, in line with its fall in results.
The banks of the Ibex will complete the distribution of the benefits of 2018 between March and May of this year (see chart). Its dividend yields exceed, except in one case, the 4.3% offered by all the companies listed on the selective one, according to Bloomberg. The exception is, again, Sabadell, which exhibits 3.3%. Santander leads the ranking with 5.7%, followed by CaixaBank (5.6%), BBVA (5%), Bankia (4.7%) and Bankinter (4.4%), according to the closing prices on Friday .
All entities have decided to end once and for all with the formula of the scrip dividend or dividend in shares. This method of remuneration consisted of executing released capital increases in which the bank undertook to purchase the subscription rights at a specific price. Santander launched it for the first time on the Spanish stock exchange in October 2009. It was followed by all the others except Bankinter and Bankia.
In the event that the investor decided not to sell the rights to the bank, the shareholder received new securities. Its issuance did not entail any cost for the entities, since they created the shares charged to reserves; the amount was transferred to the "capital" caption, but it also remained within the equity. It was a mere accounting note.
Santander leads the dividend yield with 5.7%, followed by CaixaBank (5.6%), BBVA (5%), Bankia (4.7%) and Bankinter (4.4%)
In November of last year, Santander paid its last scrip dividend, in which it undertook to acquire the rights at 0.035 euros each. The other option was to receive one new share for every 127 old ones. Owners of 76.55% of the capital chose the latter option. The actual disbursement of Santander was therefore 132.4 million euros. If the dividend had been totally in cash, it would have had to deliver 1,055 million euros.
From this year, the payment will be entirely in cash and will be made semi-annually (in May and November), as announced by Ana Botín at the shareholders' meeting held on March 23 of last year. In the presentation of results of last week, from the bank it was reiterated that it would maintain the percentage of the profit that it destines to remunerate its shareholders (pay out) between 30% and 40%
All the other banks have already abandoned that form of remuneration, due to its great secondary effect: the dilution in the capital in the event of opting for hard cash.
BBVA will distribute between 35% and 40% of the profits obtained in each fiscal year in April and October, after which it will carry out its last scrip in April 2017.
CaixaBank is more rumored than its rivals and has promised to remunerate its shareholders with an amount that will represent between 50% and 60% of consolidated net profit charged to this year. The bank chaired by Jordi Gual will only make a payment in April; The first payment under this new calendar will be made in 2020.
Bankia, in the strategic plan until 2020 that it presented a year ago, reveals that the percentage it will allocate to dividends will range between 45% and 50%. With a charge to 2018, it will pay 0.1115 euros per share in April, which means a total of 357 million euros and a pay out more than 50%.
From Sabadell, they reiterated on Friday that their dividend policy is to distribute between 40% and 50% of the benefit. With a charge to last year, the amount that will be delivered to its partners will be 169 million euros, an amount that represents approximately half of its net result of 328.1 million euros.
Unicaja, for its part, has not approved any dividend policy, although in 2017 it distributed 25% of its profit to shareholders. Thus, on April 27 he paid 0.02149 euros per share, for a total of 34.5 million euros. Precisely has presented its accounts of the past year and has announced a dividend for 40% of its net profit: 0.038 euros per share and 61 million in total. Liberbank announced in the presentation of results of 2018 that it will distribute among its partners some 22 million, equivalent to 20% of its profits.
Account 1,2,3. Since launching its old flagship product in 2015, the entity has expanded the number of shareholders by 15.6%. The account compensates customers with shares of the entity itself. The bank raised the number of shareholders by 2.5% last year.
Bankia The fall in the number of shareholders reaches 57.6% in four years due to the return process carried out for the small saver to recover what was lost in the public subscription offer (OPS) of the bank in 2011. Last year he lost a 3, 9% and CaixaBank, 3%.