Don't like paying 8.46 per share on reinvested div when i could buy it at 8 bucks,kind of burns a little.
Agreed, but at time of ex-div pps was closer to 9. This way you avoid the 21% Spanish withholding at least.
Maybe when SAN is trading at $10 the $8.46 won't seem so bad. Avoiding the 21% Spanish withholding is a greater benefit than paying $.50 over current market with your reinvested dividends.