Grupo Financiero Galicia S.A. (GGAL) to Distribute Monthly Dividend of $0.05 on August 10th

Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Free Report) announced a monthly dividend on Friday, July 24th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.0531 per share by the bank on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, August 3rd.

Grupo Financiero Galicia has raised its dividend by an average of 1.0%per year over the last three years. Grupo Financiero Galicia has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Financiero Galicia to earn $6.46 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 9.0%.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $49.77 on Friday. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $62.51. The business’s fifty day simple moving average is $50.80 and its two-hundred day simple moving average is $48.12. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 0.29 and a beta of 1.34.

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) last posted its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.70 billion. Research analysts anticipate that Grupo Financiero Galicia will post 3.75 earnings per share for the current fiscal year.

About Grupo Financiero Galicia

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Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.

Further Reading

Dividend History for Grupo Financiero Galicia (NASDAQ:GGAL)

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