Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Raises Dividend to $0.44 Per Share

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) declared a dividend on Monday, March 24th, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 9th will be given a dividend of 0.4439 per share by the bank on Friday, April 25th. The ex-dividend date of this dividend is Wednesday, April 9th. This is a 303.6% increase from Banco Bilbao Vizcaya Argentaria’s previous dividend of $0.11.

Banco Bilbao Vizcaya Argentaria has raised its dividend payment by an average of 100.2% per year over the last three years. Banco Bilbao Vizcaya Argentaria has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Bilbao Vizcaya Argentaria to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.63 annual dividend with an expected future payout ratio of 39.6%.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of Banco Bilbao Vizcaya Argentaria stock traded up $0.33 during mid-day trading on Tuesday, reaching $14.49. 1,471,901 shares of the stock were exchanged, compared to its average volume of 1,790,430. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $9.23 and a fifty-two week high of $14.84. The company has a market cap of $84.59 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. The firm has a 50-day simple moving average of $12.58 and a 200 day simple moving average of $10.92. The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. On average, sell-side analysts predict that Banco Bilbao Vizcaya Argentaria will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BBVA shares. Hsbc Global Res raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.