SmarterDividends
BCDRF

Banco Santander (BCDRF) Dividend

Banco Santander, S.A. · Financial Services · Banks - Diversified · semiannual payer

$11.92

Undervalued · +36% Add to Portfolio

As of Nov 5, 2026, Banco Santander (BCDRF) pays a twice-yearly dividend of $0.1420 per share, or $0.28 a year, a 2.38% yield at its $11.92 share price. It pays twice a year, usually in May and November. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

2.38%

Annual Dividend

$0.28

Payout Ratio

25%

5-Yr Growth

1.3%

Ex-Date

Oct 29, 2026

Frequency

Semiannual

Key facts about BCDRF's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Banco Santander, S.A. (BCDRF) has a forward dividend yield of 2.38%, based on an annual dividend of $0.28 per share and a share price of $11.92.
  • As of Nov 5, 2026, BCDRF's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Banco Santander, S.A. (BCDRF) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • BCDRF last cut its regular dividend in 2021.
  • BCDRF's most recent ex-dividend date was Oct 29, 2026, for a dividend of $0.14 per share.
  • As of Nov 5, 2026, BCDRF pays out 25% of its trailing 12-month earnings as dividends (its payout ratio).
  • BCDRF's dividend has grown at an average rate of 1.3% a year over the past five years.
  • As of Nov 5, 2026, BCDRF's 2.38% yield is 27% below its five-year average yield of 3.25%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for BCDRF is $16.25 per share, 36% above the $11.92 share price, so BCDRF screens as undervalued.
  • Banco Santander, S.A. (BCDRF) pays its dividend semiannual, 2 times a year.
Cite this page

SmarterDividends, "BCDRF Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/BCDRF

Is BCDRF a good dividend stock?

Mixed

Banco Santander, S.A. (BCDRF) pays a semiannual dividend yielding 2.38% ($0.28/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Comfortable payout ratio (25%)
  • 259% total price return over 5 years

Risks

  • Cut its dividend in 2021

Key Data

Dividend Yield
2.38%
Payout Ratio
25%
Annual Dividend
$0.28
5-Yr Avg Growth
1.3%
Ex-Dividend Date
Oct 29, 2026
Years of Growth
4
Frequency
semiannual
Beta
0.90
Market Cap
$171.9B
P/E Ratio
11.2
5-Yr Total Return
259%
52-Week Range
$9.86 – $15.65
Dividend Safety
C · 54/100
Ever Cut?
Yes (2021)

BCDRF dividend changes

Banco Santander, S.A. (BCDRF) pays a variable dividend: across the 31 payments on record since 2014, 19 were higher than the one before and 8 lower. The latest change was up 12.7% to $0.142 per share, going ex-dividend on Oct 29, 2026.

Ex-dateChangeOld → newMove
Oct 29, 2026Higher$0.126 → $0.142+12.7%
Apr 30, 2026Higher$0.108 → $0.146+35.2%
Apr 29, 2025Higher$0.102 → $0.126+23.5%
Oct 30, 2024Higher$0.0860 → $0.108+25.6%
Apr 29, 2024Higher$0.0660 → $0.102+54.5%
Oct 31, 2023Higher$0.0580 → $0.0860+48.3%
Apr 27, 2023Higher$0.0540 → $0.0660+22.2%
Oct 31, 2022Higher$0.0570 → $0.0580+1.8%
Apr 28, 2022Higher$0.0330 → $0.0540+63.6%
Oct 29, 2021Lower$0.111 → $0.0570−48.6%
Apr 30, 2021Lower$0.0720 → $0.0330−54.2%
Oct 30, 2019Higher$0.0740 → $0.111+50.0%
Every BCDRF payment →Download every raise and cut (CSV)
BCDRF ex-dividend date & scheduleNext ex-date Oct 29, 2026 · full ex-dividend historyView →BCDRF dividend historyEvery payment, totals by year, raises and cutsView →BCDRF dividend calculator100 shares pay $28.00 a year, $14.00 every six monthsCalculate →BCDRF total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is BCDRF a good dividend stock?

Mixed. Banco Santander, S.A. (BCDRF) pays a semiannual dividend yielding 2.38% ($0.28/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is BCDRF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BCDRF's fair value is about $16.25 versus a $11.92 share price — so it looks undervalued (+36% vs. fair value).

Is BCDRF's dividend safe?

BCDRF has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is BCDRF's fair value?

Our blended fair-value estimate for BCDRF is about $16.25 per share, roughly 36% above the current $11.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BCDRF a buy, hold, or sell?

We don't issue formal ratings, but on the data BCDRF screens as "mixed" and undervalued. Banco Santander, S.A. (BCDRF) pays a semiannual dividend yielding 2.38% ($0.28/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will BCDRF cut its dividend?

BCDRF earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BCDRF pay a dividend?

Yes. Banco Santander, S.A. pays a semiannual dividend of about $0.28 per share annually, a forward yield of roughly 2.38%.

How much dividend does 100 shares of BCDRF pay?

At $0.28 per share a year, 100 shares of BCDRF pay $28.00 a year in dividends before tax, about $14.00 every six months. Buying them costs about $1,192 at the Nov 5, 2026 price.

What is BCDRF's dividend yield?

As of Nov 5, 2026, BCDRF's forward dividend yield is 2.38%, based on a $0.28 annual dividend and a $11.92 share price.

What is BCDRF's dividend per share?

As of Nov 5, 2026, BCDRF pays $0.28 per share per year, distributed on a semiannual basis.

What is BCDRF's dividend payout ratio?

As of Nov 5, 2026, BCDRF's payout ratio is 25% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has BCDRF grown its dividend?

As of Nov 5, 2026, BCDRF has increased its dividend for 4 consecutive years.

When is the next BCDRF ex-dividend date?

As of Nov 5, 2026, BCDRF's next ex-dividend date hasn't been announced. The most recent was Oct 29, 2026, for $0.14 per share.

Income Calculator

At $0.28 / yr per share

Per payment (semiannual)$14.00
Annual$28.00
Monthly avg$2.33
Full BCDRF dividend calculator →

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