Banco Bilbao Viscaya Argentaria S.A. (BBVA) To Go Ex-Dividend on October 14th

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) declared a dividend on Friday, October 2nd. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.4168 per share by the bank on Friday, October 30th. This represents a dividend yield of 309.0%. The ex-dividend date is Wednesday, October 14th.

Banco Bilbao Viscaya Argentaria has raised its dividend by an average of 0.4% annually over the last three years. Banco Bilbao Viscaya Argentaria has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Bilbao Viscaya Argentaria to earn $2.79 per share next year, which means the company should continue to be able to cover its $0.67 annual dividend with an expected future payout ratio of 24.0%.

Banco Bilbao Viscaya Argentaria Stock Down 0.1%

Shares of NYSE:BBVA opened at $26.09 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $145.64 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.69 and a beta of 0.82. The company has a 50 day moving average of $28.44 and a 200-day moving average of $25.23. Banco Bilbao Viscaya Argentaria has a one year low of $17.90 and a one year high of $29.64.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The business had revenue of $11.99 billion for the quarter. On average, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

BBVA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Thursday, September 24th. Jefferies Financial Group reissued a “buy” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Thursday, September 17th. Banco Sabadell lowered Banco Bilbao Viscaya Argentaria to an “underweight” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group restated a “buy” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday, August 5th. Finally, Bank of America cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.