Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Announces Dividend Increase – $0.44 Per Share

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) declared a dividend on Monday, March 24th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 9th will be paid a dividend of 0.4439 per share by the bank on Friday, April 25th. The ex-dividend date 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% annually over the last three years. Banco Bilbao Vizcaya Argentaria has a dividend payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

BBVA traded up $0.33 during trading hours on Tuesday, hitting $14.49. The stock had a trading volume of 1,471,901 shares, compared to its average volume of 1,790,430. The stock has a market cap of $84.59 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. Banco Bilbao Vizcaya Argentaria has a 1 year low of $9.23 and a 1 year high of $14.84. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $12.58 and its 200 day simple moving average is $10.92.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, beating 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%. Equities analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

BBVA has been the topic of a number of analyst reports. Hsbc Global Res upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. StockNews.com lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Finally, Kepler Capital Markets raised shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.