BBVA Hikes Interim Dividend
Provided by
Dow Jones
By Adria Calatayud
Spain's Banco Bilbao Vizcaya Argentaria said it will increase its interim dividend payout, continuing to splurge cash returns to shareholders, even as it pursues a hostile takeover of smaller rival Banco de Sabadell.
The bank on Thursday declared an interim dividend of 29 European cents, equivalent to 32.29 U.S. cents, up 81% on its interim payout last year. BBVA called this its biggest interim dividend to date.
BBVA's interim dividend payments will amount to 1.7 billion euros, the bank said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
September 26, 2024 02:12 ET (06:12 GMT)
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