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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) announced a monthly dividend on Friday, April 24th. Investors of record on Monday, May 4th will be given a dividend of 0.1639 per share by the bank on Monday, May 11th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, May 4th. This is a 2.5% increase from Grupo Financiero Galicia's previous monthly dividend of $0.16.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 23.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Financiero Galicia to earn $3.66 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 53.6%. Grupo Financiero Galicia Stock Down 2.9%GGAL traded down $1.19 during trading on Friday, hitting $40.15. The company had a trading volume of 1,563,247 shares, compared to its average volume of 947,406. The company has a market cap of $6.45 billion, a PE ratio of 20.28 and a beta of 1.27. The business has a 50-day moving average of $45.25 and a 200-day moving average of $48.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 1.16. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $65.48. Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $666.89 million during the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. As a group, analysts forecast that Grupo Financiero Galicia will post 1.68 earnings per share for the current year. Grupo Financiero Galicia Company Profile (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.Featured ArticlesFive stocks we like better than Grupo Financiero GaliciaThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Grupo Financiero Galicia Right Now?Before you consider Grupo Financiero Galicia, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Financiero Galicia wasn't on the list.While Grupo Financiero Galicia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here