• With the divestment of the British subsidiary, the Group has obtained a capital gain of 300 million euros and has generated more than 400 basis points of capital
  • Banco Sabadell remains firmly committed to delivering approximately 6.45 billion euros in shareholder remuneration between 2025 and 2027
  • Since the end of 2020, Banco Sabadell’s shares, including the reinvestment of dividends, have increased in value by a factor of twelve: double the average for Spanish banks and four times the IBEX 35 average

25 May 2026

On 29 May, Banco Sabadell will distribute an extraordinary dividend of 50 euro cents per share, after closing the sale of its British subsidiary, TSB, for a cash sum of 2,863 million pounds sterling (around 3,300 million euros).

The purchase price was set at 2,650 million pounds (3,050 million euros) when the transaction was agreed, which implies a multiple of 1.5 times its book value. As agreed, the tangible net asset value (TNAV) generated by TSB up to the time of the transaction’s closing was added to that purchase price, adding a further 213 million pounds (around 242 million euros).

The transaction generated more than 400 basis points of capital for Banco Sabadell and a capital gain of just over 300 million euros, once all the impacts arising from the transaction have been taken into account.

On the strength of this, the institution will be able to remunerate its shareholders with an extraordinary gross dividend of 50 euro cents per share on 29 May. To be eligible to receive payment, shareholders must hold shares in Banco Sabadell at close of trading on 26 May 2026.

As is customary, at the start of the trading session on 27 May, Banco Sabadell’s share price will undergo an automatic technical adjustment to ensure that anyone purchasing shares from that date onwards will no longer be entitled to receive the extraordinary dividend. This does not represent a loss of value for shareholders, as those 50 euro cents per share will be paid out directly to them instead of being implicit in the share price.

This extraordinary dividend, together with the dividends to be distributed by the Institution and its share buyback and cancellation programmes, will bring total shareholder remuneration to approximately 6.45 billion euros over the period 2025-2027.

Since the end of 2020, the stock market value of Banco Sabadell shares, including the reinvestment of dividends, has multiplied by 12, while the average for Spanish banks has increased by 6 times, that of European banks by 5 times, and the IBEX 35 average by 3 times.

Shareholder Account for dividend reinvestment

Following the distribution of the extraordinary dividend, shareholders of Banco Sabadell may, if they so wish, open a Shareholder Account, which is linked to a securities contract, and which offers them the option to reinvest part or all of the dividend in shares of the bank.

This account has no administration or maintenance fees and allows shareholders to convert the dividends they receive into new shares of the bank. In addition, it earns interest at 7% AER during the 15 calendar days between the dividend payment and the purchase of new shares and 1% AER on a quarterly basis thereafter. Customers can also take advantage of exclusive products and promotional offers for shareholders.

Banco Sabadell’s shareholder remuneration is one of the most attractive in the financial sector and has upside potential of 12%, calculated as the average target price (3.69 euros per share) estimated by analysts who updated their estimates for the bank at the end of the fourth quarter of 2025.