Spanish bank BBVA (BBVA.MC) announced on Monday that its shareholders, as well as holders of Sabadell (SABE.MC) shares who participate in the hostile takeover bid, will receive a record interim dividend for 2025.
BBVA Raises Dividend to Attract Sabadell Shareholders
According to the bank, investors will receive €0.32 per share (US$0.38) in cash on November 7. This represents a 10.3% increase from last year and is the largest interim dividend in BBVA’s history.
Terms for Sabadell Shareholders
BBVA noted that the payment will be made after the completion of the €16.86 billion tender offer. Therefore, Sabadell shareholders who agreed to exchange their shares will also receive a dividend.
Tender Details
Investors have until October 10 to accept BBVA’s updated offer, made on September 22. The bank offered one BBVA share for every 4.8376 Sabadell shares, representing a price of €3.39 per share (a 10% premium over the previous offer of €3.084). However, compared to the market price of Sabadell shares the day before the new terms were announced, the premium was only 1.6%.
Investors Eye US Jobs Report as Key Market Signal
Market participants are closely watching the upcoming US employment report, expected in the coming days. The figures will play a decisive role in shaping the Federal Reserve’s decision on whether to implement another rate cut at the end of October.
Analysts note that the jobs data will be particularly significant for the bond market, where investors are seeking clarity on economic momentum and the Fed’s next steps. Strong numbers could temper expectations of aggressive monetary easing, while weaker results may increase pressure for a cut.
