Banco Santander SA (SAN)

[Huggy Bear]

I get my options electronically and chose the shares in lieu of cash divi, and have for many quarters now.

If you take the cash divi, you will be double taxed, once by the Spanish govt and once in your US tax statement.

Depends on if you want the cash anyway or are trying to build a longterm position in shares.

If the past conversion rate is still in effect, you will receive one share for every 36 owned if you choose that option.

Does anyone know what the default is if one does not get specific instructions to their broker in time? I cannot remember.