So --- Anyone that has this stock -- BANCO SANTANDER (STD) in their accounts --- should receive a notice on HOW YOU WANT TO RECEIVE YOUR DIVIDEND...
You'll have three choices -- and they're important!
The DEFAULT CHOICE is that you'll be paid in cash -- BUT!!! You'll pay 21% withholding to the SPANISH GOVERNMENT... (which is what I do)
OR
You can choose to receive SHARES with NO withholding.
Those of you not living off your dividends should be choosing to get SHARES rather than cash.
Just my opinion.
