Grupo Financiero Galicia S.A. (NASDAQ:GGAL) to Issue Dividend Increase – $0.72 Per Share

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) declared a — dividend on Tuesday, August 13th, Wall Street Journal reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.7248 per share by the bank on Monday, August 26th. The ex-dividend date is Monday, August 19th. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14.

Grupo Financiero Galicia has raised its dividend by an average of 145.6% annually over the last three years.

Grupo Financiero Galicia Trading Up 0.5 %

Shares of NASDAQ:GGAL traded up $0.17 during mid-day trading on Tuesday, reaching $34.41. The stock had a trading volume of 752,498 shares, compared to its average volume of 1,014,018. The firm has a market cap of $5.07 billion, a PE ratio of 5.04 and a beta of 2.03. The firm has a 50 day simple moving average of $30.34 and a two-hundred day simple moving average of $28.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. Grupo Financiero Galicia has a twelve month low of $10.57 and a twelve month high of $37.83.

Analyst Ratings Changes

GGAL has been the topic of a number of analyst reports. Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their price target for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.