Shareholder remuneration
All those who are shareholders on 26 March will receive a cash dividend on 28 March against 2024 results of 12.44 euro cents gross per share, equivalent to 10.07 cents net, after deducting the 19% tax withholding applicable to this type of income.
Highest announced dividend yield on the IBEX 35 in 2024
The total cash dividend charged to 20241 earnings is 20.44 cents gross (16.56 cents net), which is equivalent to 11% of the share price at the end of the 2024 financial year, which makes Banco Sabadell the IBEX 35 company with the highest announced dividend yield, according to Bloomberg2 data.
Analysts who continuously track and issue recommendations on Banco Sabadell have highlighted the bank’s shareholder remuneration for 2024 and that forecast for 2025:
- “Sabadell has the highest yield for its shareholders”
UBS (13/02/2025) - “Banco Sabadell’s total remuneration performance is well above the European average, reinforcing its commitment to deliver returns to its shareholders that are higher than the rest”
Kepler (10/02/2025) - “Sabadell offers the greatest return on capital in the whole of Europe”
BofA (20/01/2025)
After tripling the cash dividend for 2023 last year, in 2025 the bank estimates that it will repeat, at least, the cash dividend for 2024, i.e. 20.44 cents gross per share, which will once again make it the bank with the highest dividend yield on the Spanish stock market, according to market estimates collected by Bloomberg2, which give it a dividend yield of 7.6% for this year compared with a Spanish market average of 4.4%.
- Annual revaluation of Sabadell shares prior to 10/03/2025: 5 years: -11% 4 years: 48% 3 years: 92% 2 years: 11% Last year: 118%. Past performance is not a reliable indicator of future performance.
- Source: Bloomberg LTD. as of 10/03/25 and information published by the companies on total dividends for 2024. For three of the IBEX 35 companies, outside the banking sector, which have not yet made public their final dividends for 2024, those corresponding to 2023 have been taken as a reference.
Our share prospects
At the end of 2020, the Board of Directors appointed a new management team for the bank, which implemented an in-depth reorganisation of the entity and launched new plans, which it is more than fulfilling.
Since then, the bank has regained market confidence in its ability to offer attractive and sustainable shareholder returns and remuneration and, as a result, has performed positively on the stock market.
No analyst recommends selling Banco Sabadell shares
Currently, the bank’s share is trading at around its book value, while those of its peers in Spain (CaixaBank and Bankinter) are trading between 1.4 and 1.6 times their carrying value3. As a result, Banco Sabadell is the only Spanish listed credit institution that has no sell recommendations, according to Bloomberg data. All analysts who follow and issue recommendations on Banco Sabadell advise buying or holding the shares4.
Analysts who follow its share price have raised their earnings forecasts by an average of 15% since the bank made public its accounts for the 2024 financial year on 7 February, and have also raised the one-year target prices they give to the share5.
- Sources: Corporate website of the companies and Bloomberg Ltd.
- Forecasts are not a guarantee of future performance. We remind you that investment in shares carries the risk of loss of the invested capital.
- The evolution of the price and profitability of shares is subject to fluctuation risks due to intrinsic factors to the issuer itself, the environment and the activity sector, or risks derived from the different variables affecting, in general, the market in which they are traded, which may entail a scenario of both gains and losses, even without the distribution of dividends.
