Banco Santander, S.A. · SAN · NYSE
Dividend report · updated Nov 10, 2026
$12.56 +0.80% on the day, +$0.10
SAN stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is SAN’s dividend Very Safe or High Risk? 8 checks scored. Payout ratio, raise streak, recession record and 5 more. Show the rating
Yearly payout / yield
$0.29·2.29%
$0.144 twice a year x 2 ⓘ
Next payment
~$0.144/half-yr
pays ~May 4, 2027 (est.) ⓘ
Next ex-date
May 1, 2027est.
own by Apr 30, 2027 ⓘ
Years without a cut
5+ yrs
4 yrs of raises ⓘ
Recession record
2000varied2008varied2020stopped2022raised
stopped in 2020
Yield vs history ⓘ
30
Below its usual yield
SAN share price & total return
Daily closing price, adjusted for stock splits.
SAN stock page »All dividend lists »Build a portfolio around SAN »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
SAN Dividend Growth (CAGR)
1Y +5.8%3Y +16.1%5Y +20.8%10Y +2.1%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). A red dashed stub marks a payment that was due by its usual rhythm but is not on file. The enlarge button shows all 132 payments since 1988.
Annual dividends and growth
Total paid per share in each calendar year. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +18.48% a year, its typical raise over the last 5 years. From 2029 it slows by a quarter each year. Today's $0.29 a year would be $0.55 by 2031 - 4.36% on today's $12.56 price.

How Many SAN Shares for $500 or $1,000 a Month?

At $0.29 a share a year, $500 a month takes about 20,834 SAN shares, about $261,675 at the Nov 10, 2026 close of $12.56. $1,000 a month takes about 41,667 shares, about $523,338. Before taxes, and only while the rate holds.

Banco Santander, S.A. (SAN) pays $0.144 a share twice a year, $0.29 a year, a 2.29% run-rate yield at the Nov 10, 2026 close of $12.56. It has paid since 1988 and raised its annual dividend 4 years in a row.

At today’s rate of $0.144 twice a year and the last close of $12.56, this is what SAN pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.144$0.02$0.29
100 shares$14.40$2.40$28.80
$10,000 invested (796.2 shares)$114.65$19.11$229.30
20,834 shares ($500/mo)$3,000.10$500.02$6,000.19
41,667 shares ($1,000/mo)$6,000.05$1,000.01$12,000.10

With DRIP on, every payment buys more shares instead of landing as cash. 100 SAN shares reinvest into 1.15 new shares each payment, about 2.3 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 88 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with SAN’s own history in the SAN DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See SAN’s rating and its 8 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history
  • Crash record: what the dividend did in the 2008 crash history

SAN Dividend Yield Today vs Its 5-Year Range

30/100Below its usual yieldvs its 10-yr history
  • SAN yields 2.29% today, at the Nov 10, 2026 close of $12.56.
  • Its own 10-year median is 3.68%, so today’s yield is below its usual level.
Last 5 years: lowest to highest month-end yield
2.02% low4.92% high
Blue mark = today, grey = its 10-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is SAN’s Next Dividend? Ex-Date and Pay Date After November 2026

SAN has not declared its next dividend yet. By its usual rhythm of about 183 days between ex-dates, the next ex-date falls around May 1, 2027, with the cash around May 4, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.144 a share, went ex on Oct 30, 2026 and paid Nov 2, 2026.

  • Ex-dates: about every 183 days (semi-annual)
  • Payment: usually about 3 days after the ex-date
  • Next earnings report: Feb 2, 2027

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does SAN Pay?

SAN pays twice a year, 2 times a year. Recent payments arrived in May and Nov, with ex-dates in May and Oct. The ex-date comes about every 183 days, and the cash usually lands about 3 days later.

Paid in the last 12 months
$0.29 a share, in 2 payments.
+17.6% against the 12 months before ($0.25 in 2 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in May and Nov. Ex-dates fall in May and Oct (latest 2 payments).
Raise history
  • Streak: 4 years of higher annual totals (through 2025)
  • Last raise: Oct 30, 2026 - $0.1323 to $0.144 (+$0.0117, +8.87%)
  • Usual $ step: $0.0206 (median of the raises before it)
Coverage
  • EPS payout: 23.3% - $0.28 paid / $1.20 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 22.3% (median of 12 earlier trailing years)
Deposits, loans and policy float run through operating cash flow here, so it does not measure dividend coverage.

SAN vs Similar Dividend Stocks (BLK, CIHKY...)

Against the 10 dividend-paying Financial Services companies closest to SAN in market value, SAN’s 2.29% run-rate yield is close to the group’s middle yield of 2.34%, and its raise streak of 4 years is the 5th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
SAN $12.56Banco Santander, S.A. $0.144/half-yr$0.29/yr fwd 2.29% Dividend Safety Rating: paid plans only Stopped in 20202000 varied2008 varied2020 stopped2022 raised 5+ yrsraised 4 yrs in a row
BLK $1,222.31BlackRock $5.73/qtr$22.92/yr fwd 1.88% Dividend Safety Rating: paid plans only Raised in all 32008 raised2020 raised2022 raisedno 2000 record 21+ yrsraised 16 yrs in a row
CIHKY $34.65China Merchants Bank Co. $0.74/yr 2.14% Dividend Safety Rating: paid plans only — 14+ yrsraised 2 yrs in a row
ALIZF $514.37Allianz SE $20.1436/yr 3.92% Dividend Safety Rating: paid plans only — 15+ yrsraised 3 yrs in a row
CMWAY $116.75Commonwealth Bank of Australia $1.907/half-yr$3.81/yr fwd 3.27% Dividend Safety Rating: paid plans only — 5 yrsraised 5 yrs in a row
RY $202.42Royal Bank of Canada $1.257/qtr$5.03/yr fwd 2.48% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 held2020 held2022 held 28+ yrsraised 10 yrs in a row
SCHW $93.03Charles Schwab $0.32/qtr$1.28/yr fwd 1.38% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 raised2020 held2022 raised 36+ yrsraised 1 yr in a row
C $122.28Citigroup $0.67/qtr$2.68/yr fwd 2.19% Dividend Safety Rating: paid plans only Stopped in 20092000 raised2008 stopped2020 held2022 raised 15 yrsraised 3 yrs in a row
DBSDY $220.25DBS Group Holdings $2.526/qtr$10.10/yr fwd 4.59% Dividend Safety Rating: paid plans only — 5 yrsraised 5 yrs in a row
UBS $48.96UBS Group AG $0.55/yr 1.12% Dividend Safety Rating: paid plans only Stopped in 20082008 stopped2020 held2022 heldno 2000 record 6 yrsraised 2 yrs in a row
SMFG $24.28Sumitomo Mitsui Financial Group $0.427/half-yr$0.85/yr fwd 3.52% Dividend Safety Rating: paid plans only — 2+ yrsraised 3+ yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: SAN vs BLK, SAN vs CIHKY, SAN vs ALIZF.

SAN Dividend History: Every Payment Since 1988

Ex-datePay dateAmountFrequencyType
Oct 30, 2026Nov 2, 2026$0.144Semi-annualRegular
May 4, 2026May 6, 2026$0.147Semi-annualRegular
Oct 31, 2025Nov 6, 2025$0.1323Semi-annualRegular
Apr 30, 2025May 2, 2025$0.1152Semi-annualRegular
Oct 31, 2024Nov 4, 2024$0.1116Semi-annualRegular
Apr 29, 2024May 1, 2024$0.1027Semi-annualRegular
Oct 31, 2023Nov 2, 2023$0.0852Semi-annualRegular
Apr 27, 2023May 1, 2023$0.0631Semi-annualRegular
Oct 31, 2022Nov 7, 2022$0.0559Semi-annualRegular
Apr 28, 2022May 5, 2022$0.0571Semi-annualRegular
The other 122 SAN payments come with a paid plan.
Show all 132 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for SAN

UnlockDividend Safety Rating: paid plans only
See where SAN lands, and why.
See the rating & factors »
Own SAN? Your payouts fill in by themselves Add SAN once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track SAN →

SAN Dividend Questions

How often does SAN pay dividends?

SAN pays twice a year, 2 times a year. Recent payments arrived in May and Nov, with ex-dates in May and Oct. The ex-date comes about every 183 days, and the cash usually lands about 3 days later.

Does SAN pay dividends monthly?

No. SAN pays twice a year, 2 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next SAN dividend?

SAN has not declared its next dividend yet. By its usual rhythm of about 183 days between ex-dates, the next ex-date falls around May 1, 2027, with the cash around May 4, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.144 a share, went ex on Oct 30, 2026 and paid Nov 2, 2026. The current rate is $0.144 per share, $0.29 a year.

Does SAN pay a dividend in May 2027?

Not declared yet. By its usual rhythm the next ex-date falls around May 1, 2027, with the cash around May 4, 2027, so a payment in May 2027 is likely. Only the company’s declaration makes it final.

How much does SAN pay per share?

SAN pays $0.144 a share twice a year, $0.29 a year. At the Nov 10, 2026 close of $12.56 that is a 2.29% run-rate yield, below its usual level: its own 10-year median is 3.68%.

Has SAN raised its dividend?

Yes. SAN has raised its annual dividend 4 years in a row, through 2025. The latest raise, on Oct 30, 2026, took the rate from $0.1323 to $0.144 (+8.87%). Over five years the dividend grew 20.8% a year.

Is SAN’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. SAN paid out 23% of its earnings as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 4 years in a row and gone 5+ years without a cut. Through the market crashes: it raised the dividend through the 2022 crash; it varied without a cut through 2000 and 2008; it stopped paying in the 2020 crash. This is data, not investment advice. The full 8-check rating comes with a plan.

How do I track my SAN dividends?

Add SAN to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run SAN in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 10, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 8 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.