Grupo Financiero Galicia S.A. (GGAL) to Issue Dividend of $0.62 on May 8th

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) declared a dividend on Thursday, April 30th, NASDAQ Dividends reports. Shareholders of record on Monday, May 11th will be given a dividend of 0.6229 per share by the bank on Friday, May 8th. The ex-dividend date is Monday, May 11th.

Grupo Financiero Galicia has raised its dividend by an average of 1.0%annually over the last three years. Grupo Financiero Galicia has a dividend payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Grupo Financiero Galicia to earn $6.43 per share next year, which means the company may not be able to cover its $6.88 annual dividend with an expected future payout ratio of 107.0%.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock traded down $1.28 during trading hours on Friday, hitting $41.96. The stock had a trading volume of 814,748 shares, compared to its average volume of 1,054,040. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $65.48. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $44.86 and a two-hundred day moving average of $49.00. The company has a market cap of $6.74 billion, a PE ratio of 21.19 and a beta of 1.27.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share (EPS) for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The company had revenue of $666.89 million during the quarter. On average, equities research analysts anticipate that Grupo Financiero Galicia will post 3.66 EPS for the current fiscal year.

Grupo Financiero Galicia Company Profile

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.