BBVA changed its shareholder remuneration policy in November 2021 by raising the payout to 40%-50% of annual ordinary profit, compared to the previous policy of distributing between 35% and 40%. This policy will be implemented through the distribution of an interim dividend for the year (expected to be paid in October of each year) and a final dividend (to be paid once the year has ended and the allocation of the year-end profit has been approved, expected to take place in April of each year), with the possibility of combining cash distributions with share buy-backs.
In addition, BBVA launched one of the largest share buyback processes in European banking, amounting to 3.5 billion euros.