Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares to Pay Monthly Dividend of $0.05

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) declared a monthly dividend on Friday, September 18th. Investors of record on Monday, September 28th will be paid a dividend of $0.0479 per share by the bank on Monday, October 5th. This represents a $0.57 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 28th. This is a 9.9% decrease from Grupo Financiero Galicia’s previous monthly dividend of $0.0531.

Grupo Financiero Galicia has raised its dividend by an average of 1.0%per year over the last three years. Grupo Financiero Galicia has a dividend payout ratio of 6.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Financiero Galicia to earn $5.81 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 9.8%.

Grupo Financiero Galicia Stock Down 2.1%

GGAL stock opened at $38.74 on Friday. The stock’s 50 day moving average is $45.01 and its 200-day moving average is $46.41. Grupo Financiero Galicia has a twelve month low of $26.06 and a twelve month high of $62.51. The firm has a market capitalization of $6.22 billion, a PE ratio of 15.81, a P/E/G ratio of 0.22 and a beta of 1.28.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings data on Tuesday, August 25th. The bank reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.70 billion. On average, equities research analysts anticipate that Grupo Financiero Galicia will post 3.69 earnings per share for the current fiscal year.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA is an Argentina-based financial services holding company whose principal operating subsidiary is Banco de Galicia y Buenos Aires SAU. The group provides banking and related financial products to individuals, small and medium-sized businesses, corporate clients and agricultural customers in Argentina.

Through its banking operations, Grupo Financiero Galicia offers deposit accounts, personal and commercial loans, credit and debit cards, payment services, foreign trade financing, investment products and digital banking through online and mobile platforms.