Spain’s BBVA sees vital rise in 2022 dividend, Chairman says

MADRID, Jan 16 (Reuters) – Spain’s BBVA (BBVA.MC) expects its 2022 dividend to considerably prime the 0.31 euros dividend per share paid out in 2021, Chairman Carlos Torres mentioned in a put up on the Spanish financial institution’s web site on Monday.

“If we take the consensus on anticipated revenue for your entire yr, and contemplating our 40 to 50 % payout coverage, we count on the dividend in 2022 to obviously exceed the 0.31 euro dividend from 2021, which was already the very best money dividend now we have paid prior to now decade,” Torres mentioned.

In October, BBVA paid an interim money dividend of 0.12 euros ($0.1160) per share from its 2022 outcomes, a 50% enhance in contrast with the interim dividend paid in October 2021.

The interim dividend was backed by a internet revenue of three billion euros within the first half of 2022 lifted up by a sturdy efficiency in revenue from lending and its major market Mexico.

Analysts count on BBVA’s 2022 internet revenue to rise to six.2 billion euros, in keeping with knowledge from Refinitiv.

In 2021, Spain’s second-biggest lender by market worth reported a internet revenue of 4.65 billion euros.

Reporting by Jesús Aguado, modifying by Inti Landauro and Ed Osmond

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