BBVA to Distribute Over €1.8 Billion to Shareholders on November 7 as Its Highest Interim Dividend in History
On Friday, November 7, BBVA shareholders will receive a gross interim cash dividend of €0.32 per share against 2025 earnings, 10 percent higher than the previous year. This is the highest interim dividend in BBVA’s history. In total, the bank will distribute €1.84 billion in cash to its shareholders.
Higher earnings and a stronger capital position have enabled the Group to progressively increase shareholder distributions. This year, the interim dividend stands at €0.32 per share, up 10 percent from €0.29 per share the previous year.
This upward trend reflects the BBVA Group’s solid performance, with the dividend total rising from €0.31 per share in 2021 to €0.43 per share in 2022, €0.55 in 2023 and €0.70 per share in 2024 — the highest dividend paid by BBVA since 2007.
BBVA accelerates shareholder distributions
As announced at the second quarter 2025 earnings presentation, BBVA will have around €13 billion available for short-term distributions to shareholders. In this regard, on October 31, the bank launched the €993 million share buyback program that had been pending execution, as part of its ordinary shareholder distribution for 2024.
Furthermore, BBVA’s Board of Directors recently agreed to launch another substantial share buyback¹ once the European Central Bank (ECB) grants approval.
BBVA’s shareholder distribution policy entails an annual payout of 40 percent to 50 percent of net attributable profits. This means that 40 percent to 50 percent of the profit generated by the Group each year is allocated to shareholder distributions, through a combination of cash dividends and share buybacks. This policy is implemented through two payments: an interim dividend during the current year and a final dividend once the fiscal year has ended. BBVA has also committed to distribute excess capital over 12 percent.¹