Banco Bilbao Viscaya Argentaria S.A. (BBVA) to Distribute Dividend of $0.42 on October 30th

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) declared a dividend on Friday, October 2nd. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.4168 per share by the bank on Friday, October 30th. This represents a dividend yield of 309.0%. The ex-dividend date of this dividend is Wednesday, October 14th.

Banco Bilbao Viscaya Argentaria has raised its dividend by an average of 0.4% per year over the last three years. Banco Bilbao Viscaya Argentaria has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bilbao Viscaya Argentaria to earn $2.79 per share next year, which means the company should continue to be able to cover its $0.67 annual dividend with an expected future payout ratio of 24.0%.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA opened at $26.09 on Monday. The stock has a market capitalization of $145.64 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.69 and a beta of 0.82. The business has a 50-day moving average of $28.44 and a 200-day moving average of $25.23. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $17.90 and a fifty-two week high of $29.64.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The firm had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. As a group, sell-side analysts predict that Banco Bilbao Viscaya Argentaria will post 2.42 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.