Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Raises Dividend to $0.32 Per Share

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) announced a Semi-Annual dividend on Thursday, September 26th, NASDAQ reports. Stockholders of record on Wednesday, October 9th will be given 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 a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual 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 dividend payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

BBVA opened at $10.63 on Tuesday. The stock has a market capitalization of $62.03 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.03 and a beta of 1.30. The business has a fifty day moving average price of $10.32 and a 200 day moving average price of $10.61. Banco Bilbao Vizcaya Argentaria has a 12 month low of $7.76 and a 12 month high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its 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. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. The firm had revenue of $9.93 billion for the quarter. During the same period last year, the business earned $0.36 EPS. On average, research analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BBVA shares. BNP Paribas cut Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company 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.