Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Declares Dividend Increase – $0.16 Per Share

Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Free Report) declared a monthly dividend on Thursday, March 19th. Investors of record on Monday, March 30th will be paid a dividend of 0.16 per share by the bank on Monday, April 6th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, March 30th. This is a 3.8% increase from Grupo Financiero Galicia’s previous monthly dividend of $0.15.

Grupo Financiero Galicia has increased its dividend by an average of 0.5%annually over the last three years. Grupo Financiero Galicia has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Grupo Financiero Galicia to earn $7.26 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 26.4%.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $42.70 on Friday. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $66.24. The firm has a 50-day simple moving average of $47.60 and a two-hundred day simple moving average of $45.86. The company has a market cap of $6.30 billion, a P/E ratio of 21.57 and a beta of 1.48.

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) last issued its quarterly earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The business had revenue of $666.89 million during the quarter. As a group, equities research analysts expect that Grupo Financiero Galicia will post 7.49 EPS for the current year.

About Grupo Financiero Galicia

(Get Free Report)

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.

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Dividend History for Grupo Financiero Galicia (NASDAQ:GGAL)

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