Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Announces Dividend Increase – $0.32 Per Share

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) declared a dividend on Thursday, September 26th, NASDAQ reports. Investors of record on Wednesday, October 9th will be given a dividend of 0.3244 per share by the bank on Friday, October 25th. The ex-dividend date is Wednesday, October 9th. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous dividend of $0.11.

Banco Bilbao Vizcaya Argentaria has increased its dividend by an average of 42.7% per year over the last three years. Banco Bilbao Vizcaya Argentaria has a payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bilbao Vizcaya Argentaria to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 52.5%.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of Banco Bilbao Vizcaya Argentaria stock traded down $0.08 on Friday, hitting $11.07. 930,886 shares of the company traded hands, compared to its average volume of 1,495,130. Banco Bilbao Vizcaya Argentaria has a 52 week low of $7.76 and a 52 week high of $12.20. The business has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $10.65. The stock has a market capitalization of $64.60 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. During the same quarter in the previous year, the firm earned $0.36 EPS. Research analysts expect that Banco Bilbao Vizcaya Argentaria will post 1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BBVA has been the subject of several research analyst reports. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. BNP Paribas cut shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. Finally, Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.