BBVA Flags Dividend to Sabadell Investors as Bid Nears End

BBVA SA announced an interim dividend and said Sabadell shareholders who have tendered their shares will be eligible for the payment, stepping up efforts to sway investors as its $20 billion offer nears its end.

Spain’s second-largest lender plans to pay out €0.32 per share on Nov. 7, reflecting “improvement in earnings and the strengthening of BBVA’s capital position,” it said in a statement late Monday. Sabadell shareholders who have tendered their shares will receive the dividend “as the payout will materialize following the settlement of the tender offer,” BBVA said.