Grupo Supervielle S.A. (NYSE:SUPV) Raises Dividend to $0.19 Per Share

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) announced an annual dividend on Monday, May 12th, Wall Street Journal reports. Investors of record on Monday, May 19th will be paid a dividend of 0.187 per share on Tuesday, May 27th. This represents a yield of 1.18%. The ex-dividend date is Monday, May 19th. This is a 20.7% increase from Grupo Supervielle's previous annual dividend of $0.16.

Grupo Supervielle has increased its dividend by an average of 85.7% annually over the last three years. Grupo Supervielle has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Supervielle to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 11.0%.

Grupo Supervielle Stock Performance

NYSE:SUPV traded up $0.85 during mid-day trading on Monday, reaching $15.91. The stock had a trading volume of 1,356,532 shares, compared to its average volume of 1,179,209. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.09 and a beta of 1.93. Grupo Supervielle has a twelve month low of $5.00 and a twelve month high of $19.75. The business has a 50 day simple moving average of $13.89 and a 200 day simple moving average of $13.88.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research report on Sunday, April 6th.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.