Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) declared a monthly dividend on Wednesday, January 21st. Stockholders of record on Monday, February 2nd will be given a dividend of 0.1455 per share by the bank on Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, February 2nd. This is a 2.3% increase from Grupo Financiero Galicia’s previous monthly dividend of $0.14.
Grupo Financiero Galicia has raised its dividend payment by an average of 0.5%per year over the last three years. Grupo Financiero Galicia has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. 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 $1.70 annual dividend with an expected future payout ratio of 23.4%.
Grupo Financiero Galicia Trading Down 0.5%
Shares of GGAL stock traded down $0.29 during trading hours on Thursday, hitting $53.77. 809,975 shares of the company were exchanged, compared to its average volume of 1,036,632. The business has a 50 day moving average of $52.06 and a two-hundred day moving average of $45.70. Grupo Financiero Galicia has a 52 week low of $25.89 and a 52 week high of $71.23. The company has a market capitalization of $7.93 billion, a PE ratio of 27.16 and a beta of 1.47.
About Grupo Financiero Galicia
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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