Banco Bilbao Viscaya Argentaria S.A. Announces Dividend of $0.37 (NYSE:BBVA)

Key Points

• Banco Bilbao Viscaya Argentaria S.A. declared a dividend of $0.37 per share, to be paid on November 24th, with the ex-dividend date on November 6th.
• The bank's dividend payout ratio stands at 47.4%, indicating a strong ability to cover the dividend with earnings, which is projected to rise to $1.59 per share next year.
• Shares traded at $18.92 recently, reflecting a market capitalization of $110.45 billion, with a PE ratio of 9.96 and a 52-week high of $19.42.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) announced a dividend on Tuesday, October 7th. Stockholders of record on Thursday, November 6th will be given a dividend of 0.3736 per share by the bank on Monday, November 24th. This represents a dividend yield of 395.0%. The ex-dividend date of this dividend is Thursday, November 6th.

Banco Bilbao Viscaya Argentaria has a dividend payout ratio of 47.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Bilbao Viscaya Argentaria to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 57.9%.

Banco Bilbao Viscaya Argentaria Trading Up 1.8%

Shares of Banco Bilbao Viscaya Argentaria stock traded up $0.33 on Wednesday, hitting $18.92. 1,630,370 shares of the company traded hands, compared to its average volume of 2,114,557. The company has a market cap of $110.45 billion, a PE ratio of 9.96, a PEG ratio of 0.99 and a beta of 1.19. Banco Bilbao Viscaya Argentaria has a 52 week low of $9.23 and a 52 week high of $19.42. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock's 50 day moving average price is $18.55 and its 200-day moving average price is $15.93.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. Equities research analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 14.4% during the 3rd quarter. GAMMA Investing LLC now owns 22,980 shares of the bank's stock worth $442,000 after acquiring an additional 2,885 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 6.1% during the 2nd quarter. Corient Private Wealth LLC now owns 137,787 shares of the bank's stock worth $2,118,000 after acquiring an additional 7,882 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 10.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 19,120 shares of the bank's stock worth $294,000 after acquiring an additional 1,803 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 612.4% during the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank's stock worth $7,922,000 after acquiring an additional 443,092 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 8.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 257,051 shares of the bank's stock worth $3,951,000 after acquiring an additional 19,787 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

About Banco Bilbao Viscaya Argentaria

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.

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