BBVA Banco Frances S.A. (NYSE:BBAR) Raises Dividend to $0.04 Per Share

BBVA Banco Frances S.A. (NYSE:BBAR) declared a monthly dividend on Monday, February 9th. Stockholders of record on Thursday, February 19th will be given a dividend of 0.0357 per share by the bank on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, February 19th. This is a 6.1% increase from BBVA Banco Frances’s previous monthly dividend of $0.03.

BBVA Banco Frances has increased its dividend by an average of 0.4%per year over the last three years. BBVA Banco Frances has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. 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 $0.40 annual dividend with an expected future payout ratio of 15.0%.

BBVA Banco Frances Trading Down 1.2%

Shares of NYSE:BBAR opened at $16.21 on Tuesday. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $23.10. The company has a market cap of $3.31 billion, a PE ratio of 17.06 and a beta of 1.04. The stock has a 50 day moving average of $18.18 and a 200 day moving average of $14.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.32.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings results on Tuesday, November 25th. The bank reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The firm had revenue of $865.83 million during the quarter, compared to the consensus estimate of $871.10 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%. As a group, equities research analysts expect that BBVA Banco Frances will post 1.94 EPS for the current year.

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.