BBVA Boosts 2024 Shareholder Returns with Record Dividend and €993 Million Buyback

BBVA Boosts 2024 Shareholder Returns with Record Dividend and €993 Million Buyback

(IN BRIEF) BBVA is set to enhance its 2024 shareholder returns by paying a supplementary dividend of €0.41 per share on April 10, which, together with the €0.29 interim dividend from October, brings the total dividend to €0.70 per share—the highest since 2007. In addition, the bank has announced a €993 million share buyback, resulting in a total shareholder return of €5.03 billion for the year. This combined return accounts for half of BBVA’s 2024 profit and is a core part of its strategy to return 40–50% of consolidated profits to shareholders. The bank’s approach, which includes regular dividend payments and share repurchases, has enabled a significant increase in total shareholder return—nearly 380% since January 2019, outpacing the performance of both European and Spanish banks. BBVA’s measures underscore its strong financial performance, commitment to shareholder value, and effective capital management.

(PRESS RELEASE) BILBAO, 8-Apr-2025 — /EuropaWire/ — On Thursday, April 10, BBVA will distribute a supplementary dividend of €0.41 per share, boosting its total dividend payout for 2024 to €0.70 per share—the highest level since 2007. This enhanced payout builds on the interim dividend of €0.29 per share paid in October. In addition, BBVA has announced a €993 million share buyback. Combined, these initiatives will return €5.03 billion to shareholders this year, representing half of the bank’s 2024 profit.

This strategic move reflects BBVA’s commitment to delivering strong and growing returns to its shareholders. Since 2021, the bank has distributed over €18 billion through dividends and share buybacks. The current payout strategy is guided by BBVA’s policy of returning between 40 percent and 50 percent of consolidated profits to shareholders through a mix of cash dividends and repurchase programs. Traditionally, dividends are paid in two installments—an interim payment in October followed by a supplementary dividend in April. In recent years, BBVA has also executed extraordinary share buybacks totaling €4.16 billion and has pledged to return any excess capital above a 12 percent CET1 ratio.

Rising profits and a robust capital base have underpinned this shareholder-friendly approach. Since January 2019, BBVA’s total shareholder return—which includes both dividend payouts and share price performance—has increased by nearly 380 percent, far surpassing the growth seen by the average European bank and outpacing the performance of Spanish banks over the same period.

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SOURCE: BBVA