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Uría Menéndez

Financial services 2010

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Rankings at a glance
Award levelCommended
InnovationDeveloping Banco Santander’s “scrip” dividend
Originality5
Rationale6
Impact6
Total17
DescriptionThe scheme allows shareholders to decide to receive either a cash dividend or newly issued shares. This has been widely copied and works to increase cash flow and capital levels, crucial in the current economic climate in Spain