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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) announced a monthly dividend on Friday, July 24th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.0531 per share by the bank on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 3rd.

Grupo Financiero Galicia has increased its dividend payment by an average of 1.0%annually over the last three years. Grupo Financiero Galicia has a payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Financiero Galicia to earn $6.46 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 9.0%.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $49.77 on Friday. The firm has a 50-day moving average of $50.80 and a 200-day moving average of $48.12. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $62.51. The company has a market cap of $7.99 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 0.29 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. As a group, equities analysts forecast that Grupo Financiero Galicia will post 3.75 earnings per share for the current year.

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.