Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report) declared an annual dividend on Tuesday, May 14th, Zacks reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.155 per share on Friday, May 31st. This represents a yield of 2.01%. The ex-dividend date is Thursday, May 23rd. This is a boost from Grupo Supervielle’s previous annual dividend of $0.02.
Grupo Supervielle has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Supervielle to earn $0.87 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 19.5%.
Grupo Supervielle Stock Performance
NYSE:SUPV opened at $7.41 on Wednesday. The stock’s 50-day moving average is $6.18 and its 200-day moving average is $4.59. Grupo Supervielle has a 1-year low of $1.76 and a 1-year high of $7.84.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Grupo Supervielle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th.
View Our Latest Stock Report on Grupo Supervielle
About Grupo Supervielle
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.
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