4.9400 -0.01 (-0.10%)
After hours: 4:35PM EDT
|Bid||4.7700 x 4000|
|Ask||5.0000 x 3200|
|Day's range||4.7800 - 4.9500|
|52-week range||3.6900 - 12.6800|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||6.24|
|Forward dividend & yield||0.15 (3.13%)|
|Ex-dividend date||07 Aug 2020|
|1y target est||N/A|
Santander <SAN.MC> on Monday called a general shareholders' meeting on October 27 to approve a 0.10 euros per share cash dividend to be paid in 2021, pending a green light from the European Central Bank. Santander, the euro zone's third-biggest bank by market value, had in July proposed a scrip dividend, payable in new shares, equivalent to 10 cents per share for 2019. This followed the ECB's recommendation that euro zone banks should not pay cash dividends until the end of 2020 to help them to cope with the economic fallout of the coronavirus pandemic.
A high-profile row between Spain's Santander and Andrea Orcel will go to a court showdown in March after they failed to reach a deal over the withdrawal of an offer to make the Italian banker chief executive. Orcel, among Europe's top investment bankers, is claiming breach of contract by the euro zone's third-largest bank by market value, and suing for 112 million euros ($126 million). Lawyers for both parties, wearing masks to respect COVID-19 rules, told a preliminary hearing in a Madrid court that they did not want an out-of-court settlement.
Santander, the Spanish multinational banking giant, is announcing that its fintech venture arm is to be spun out and will be managed more autonomously going forward. Previously known as Santander InnoVentures and established in 2014, the VC is being re-branded to Mouro Capital. It will continue to be headed up by general partner Manuel Silva Martínez, who joined InnoVentures five years ago and has led the fund since 2018, and senior advisor Chris Gottschalk, who joined from Blumberg Capital last year.