Banco Bilbao Viscaya Argentaria S.A. (BBVA) to Issue Dividend of $0.71 on April 27th

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) declared a dividend on Monday, March 2nd. Investors of record on Thursday, April 9th will be given a dividend of 0.7084 per share by the bank on Monday, April 27th. This represents a yield of 678.0%. The ex-dividend date is Thursday, April 9th.

Banco Bilbao Viscaya Argentaria has increased its dividend payment by an average of 0.4%annually over the last three years. Banco Bilbao Viscaya Argentaria has a payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Bilbao Viscaya Argentaria to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 37.1%.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA traded up $0.95 during midday trading on Wednesday, reaching $21.83. 1,369,707 shares of the stock were exchanged, compared to its average volume of 2,234,553. Banco Bilbao Viscaya Argentaria has a 12 month low of $11.59 and a 12 month high of $26.20. The business has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $21.42. The company has a market capitalization of $125.81 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.56 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $11.49 billion during the quarter, compared to the consensus estimate of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. Equities research analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.