Remuneration of Shareholders

Ordinary distribution within the framework of the 2022-2024 Strategic Plan

Dividends in 2024

Payout of 53.5% of consolidated net profit, through two cash payments in line with the 2024 Dividend Plan (50-60%):

53.5% of
consolidated net profit
€ 3.1 billion
November 20241
April 20252

1Interim dividend of €1.1 billion, equivalent to €0.1488 gross per share and representing 40% of consolidated net profit for the first half of 2024, paid on 7 November 2024.

2Final dividend: at the next Annual General Meeting, the Board of Directors will propose a final dividend of €2.0 billion, equivalent to €0.2864 gross per share, for approval by shareholders. 


Dividends in 2023:

€2.9 billion, equivalent to 60% of consolidated net profit in 2023

Dividends in 2022:

€1.7 billion, equivalent to 55% of consolidated net profit in 2022

For more information on dividends, please refer to the Policies and other corporate documents section and the Dividends section.


Extraordinary distribution under the 2022-2024 Strategic Plan

Within the framework of the 2022-2024 Strategic Plan, 6 extraordinary share repurchase programmes have been approved:

Programme Amount
(in millions of euros)
Execution period
1 1,800 May-22 to Dec-22
2 500 Sep-23 to Jan-24
3 500 Mar-24 to May-24
4 500 Jul-24 to Nov-24
5 500 In effect since Nov-24
6 500 At some point once the fifth programme is complete


For more information on share buyback programmes, please refer to the Insider Information and Other Relevant Information sections.

Total distribution within the framework of the 2022-2024 Strategic Plan

The strategic target for 2022–24 capital distribution capacity has been set at €12 billion, of which, distributed or in progress: ~ €9.5 billion1 (~ €2.5 billion yet to paid out, of which €2 billion will be in dividends and €0.5 billion in share buyback programmes).

In ordinary dividends: €5.7 billion

In extraordinary share buyback programmes: €3.8 billion

1Includes the fifth share buyback programme, which is currently in progress.

Last update: January 2025