BBVA Banco Frances S.A. (NYSE:BBAR – Get Free Report) declared a monthly dividend on Friday, March 6th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.037 per share by the bank on Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. This is a 3.7% increase from BBVA Banco Frances’s previous monthly dividend of $0.04.
BBVA Banco Frances has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BBVA Banco Frances to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 16.5%.
BBVA Banco Frances Trading Down 6.5%
BBAR stock opened at $13.33 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.12 and a debt-to-equity ratio of 0.41. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $23.10. The company has a market cap of $2.72 billion, a P/E ratio of 16.06 and a beta of 1.10. The business has a fifty day moving average of $17.21 and a 200-day moving average of $14.70.
About BBVA Banco Frances
BBVA Banco Francés is one of Argentina’s leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.
Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina’s financial sector.
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