As Banco Santander takes another run at its June low of 7.12 euros, an interesting item appears in yesterday's online edition of Expansión.Having apparently passed on receiving the November dividend due his holdings in the bank over which he presides in the form of 984,000 newly minted shares worth 9.2 million at that date's market price of 9.28, Santander CEO Emilio Botín this week purchased, in mid-tanking, approximately 2 million at an average price of 7.58 euros.
The presumably untouchable 60 cent dividend turns 7.9 percent.
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