Banco Bilbao Viscaya Argentaria S.A. to Issue Dividend of $0.71 (NYSE:BBVA)

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) declared a dividend on Monday, March 2nd. Shareholders of record on Thursday, April 9th will be paid 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 raised its dividend 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. Research 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 Trading Up 4.8%

NYSE:BBVA traded up $1.01 on Wednesday, hitting $21.89. The company’s stock had a trading volume of 1,282,150 shares, compared to its average volume of 2,232,392. Banco Bilbao Viscaya Argentaria has a one year low of $11.59 and a one year high of $26.20. The firm has a market capitalization of $126.16 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The stock has a fifty day moving average of $23.97 and a two-hundred day moving average of $21.42.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The business had revenue of $11.49 billion for the quarter, compared to analyst estimates of $10.74 billion. As a group, sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current year.

About Banco Bilbao Viscaya Argentaria

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.