Grupo Supervielle S.A. (NYSE:SUPV) Increases Dividend to $0.16 Per Share

Grupo Supervielle S.A. (NYSE:SUPV) declared an annual dividend on Tuesday, May 14th, Zacks reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.155 per share on Friday, May 31st. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from Grupo Supervielle’s previous annual dividend of $0.02.

Grupo Supervielle has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Grupo Supervielle to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 19.5%.

Grupo Supervielle Trading Down 1.3 %

Shares of NYSE:SUPV opened at $7.41 on Wednesday. Grupo Supervielle has a 12-month low of $1.76 and a 12-month high of $7.84. The business’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $4.59.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $385.72 million for the quarter. Grupo Supervielle had a return on equity of 14.47% and a net margin of 3.94%. As a group, equities analysts anticipate that Grupo Supervielle will post 0.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Grupo Supervielle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.