Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) to Issue Semi-Annual Dividend of $0.32 on October 25th

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) announced a Semi-Annual dividend on Thursday, September 26th, NASDAQ reports. Shareholders of record on Wednesday, October 9th will be paid a dividend of 0.3244 per share by the bank on Friday, October 25th. This represents a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 9th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11.

Banco Bilbao Vizcaya Argentaria has raised its dividend by an average of 42.7% per year over the last three years. Banco Bilbao Vizcaya Argentaria has a dividend payout ratio of 39.4% 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 $0.65 annual dividend with an expected future payout ratio of 40.1%.

Banco Bilbao Vizcaya Argentaria Trading Up 2.0 %

Shares of BBVA opened at $10.53 on Monday. Banco Bilbao Vizcaya Argentaria has a 12-month low of $7.76 and a 12-month high of $12.20. The firm has a market capitalization of $61.47 billion, a P/E ratio of 7.16, a P/E/G ratio of 1.03 and a beta of 1.30. The firm has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.61.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. During the same period last year, the company earned $0.36 EPS. Equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on BBVA. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently 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.