Banco Santander to Pay Interim Cash Dividend, Names Hutchins as Vice Chair
27 September 2023 - 5:43AM
Dow Jones News
By Denny Jacob
Banco Santander's board stated plans to pay an interim cash
dividend as well as an independent director appointment.
The bank will pay an interim cash dividend against its 2023
results of 8.10 European cents (86 cents), a 39% increase compared
with a year earlier. The interim dividend will be paid on Nov.
2.
The board also agreed to executive a share-repurchase program
for about 1.31 billion euros ($1.39 billion) pending regulatory
approval.
Santander's board appointed Glenn Hutchins as vice chair and
lead independent director, effective Oct. 1. Hutchins, who joined
Santander's board in 2022 as a non-executive director, will replace
Bruce Carnegie-Brown, who will retire from the board in 2024 after
more than nine years, the company said.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 26, 2023 15:28 ET (19:28 GMT)
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