Grupo Financiero Galicia S.A. (GGAL) to Issue Monthly Dividend of $0.15 on February 9th

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) declared a monthly dividend on Wednesday, January 21st. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.1455 per share by the bank on Monday, February 9th. This represents a c) dividend on an annualized basis 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 increased its dividend by an average of 0.5%annually over the last three years. Grupo Financiero Galicia has a payout ratio of 20.9% 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 $1.74 annual dividend with an expected future payout ratio of 24.0%.

Grupo Financiero Galicia Stock Down 1.4%

GGAL stock opened at $55.11 on Friday. The company has a market cap of $8.13 billion, a P/E ratio of 27.83 and a beta of 1.47. Grupo Financiero Galicia has a twelve month low of $25.89 and a twelve month high of $69.83. The business’s fifty day moving average is $52.69 and its 200-day moving average is $46.03.

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.