{"url":"https://newsforagent.com/news/2026-11-06/santander-us-series-h-preferred-redemption","markdown_url":"https://newsforagent.com/news/2026-11-06/santander-us-series-h-preferred-redemption.md","title":"Santander US Redeems Series H Preferred","headline":"Santander US to Redeem All 6,000 Series H Preferred Shares and Pay $328.125 Quarterly Dividend","description":"Santander US declared a $328.125 quarterly dividend on its Series H preferred stock and will redeem all 6,000 outstanding shares at $25.00 per depositary share on December 15, 2026.","section":"Dividends & Buybacks","published_at":"2026-11-06T21:59:22+00:00","modified_at":"2026-11-06T21:59:22+00:00","author":"News Desk","key_takeaways":["Santander Holdings USA declared a quarterly cash dividend of $328.125 per Series H preferred share, payable December 15, 2026.","The company will redeem all 6,000 outstanding Series H preferred shares and the corresponding 6,000,000 depositary shares at $25.00 each.","Broadridge Corporate Issuer Solutions will act as redemption agent for the depositary shares, which are held in book-entry form through DTC."],"companies":[{"name":"Santander US","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000sk23/santander-us","website":"https://www.santanderus.com"},{"name":"Broadridge","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000jgo/broadridge","website":"http://www.broadridge.com"}],"source":{"publisher":"Business Wire","title":"Santander Holdings USA, Inc. Announces Preferred Dividend and Redemption of All Outstanding Depositary Shares Representing Interests in Its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, S","url":"https://www.businesswire.com/news/home/20261106608039/en/"},"other_sources":[],"tags":["Dividends & Buybacks","Santander US","Broadridge"],"body_markdown":"Santander Holdings USA will redeem all 6,000 outstanding shares of its Series H preferred stock and the corresponding 6,000,000 depositary shares at $25.00 per depositary share on December 15, 2026, the company said in a [Business Wire](https://www.businesswire.com/news/home/20261106608039/en/) announcement. Its board also declared a quarterly cash dividend of $328.125 per preferred share, or $0.328125 per depositary share, payable the same day.\n\n## Santander US Sets Series H Dividend and Redemption\n\nSantander Holdings USA is the U.S. intermediate holding company of Madrid-based Banco Santander, S.A., according to [company background](https://www.santanderus.com). The Series H stock is a fixed-rate reset non-cumulative perpetual preferred issue, and 1,000 depositary shares represent one preferred share. The dividend goes to shareholders of record on November 30, 2026.\n\nThe redemption price excludes the declared quarterly dividend, which the company said will be paid in the customary manner. The depositary shares are held in book-entry form through the Depository Trust Company and will be redeemed under DTC procedures. Payment to DTC will be made by [Broadridge](https://akta.pro/company-profiles/0000jgo/broadridge) Corporate Issuer Solutions, LLC as redemption agent.\n\n## Santander US Preferred Terms\n\n[Santander US](https://akta.pro/company-profiles/000sk23/santander-us) is the U.S. intermediate holding company for Banco Santander's five U.S. businesses, spanning auto lending, retail and digital banking, commercial banking, corporate and investment banking, and wealth management. According to akta.pro [company records](https://akta.pro/company-data), the bank serves 4.4 million customers with approximately $165 billion in assets and ranks as a top-10 auto lender in the U.S. market. The company was founded in 1957 and is headquartered in Boston.\n\n## Earlier Santander US Developments\n\nIn August 2026, Santander Holdings USA completed its acquisition of Webster Financial Corporation, combining the two entities into a U.S. retail and commercial bank with approximately $327 billion in assets, [Gurufocus](https://akta.pro/news-signals) reported. Moody's Investors Service affirmed the company's credit ratings following the closing, and S&P Global Ratings affirmed its 'BBB+' rating with a stable outlook, both reported by AInvest. In September 2026, Santander USA expanded its board to 17 members after adding four directors from Webster, EXPANSION reported.\n\n## Santander US Redemption Date\n\nThe dividend and the redemption both take effect on December 15, 2026, with the record date set for November 30, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}