BBVA Plans €0.39/Share Dividend & €781M Buyback for 2023
Ticker: BBVXF · Form: 6-K · Filed: Jan 30, 2024 · CIK: 842180
| Field | Detail |
|---|---|
| Company | Banco Bilbao Vizcaya Argentaria, S.A. (BBVXF) |
| Form Type | 6-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: dividend, share-buyback, capital-return
TL;DR
**BBVA is paying a 0.39 euro dividend and buying back 781 million euros in shares!**
AI Summary
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) announced on January 30, 2024, plans for a significant shareholder distribution for 2023. This includes a cash dividend of 0.39 euros gross per share, expected to be paid in April, and a substantial 781 million euros share buy-back program, pending regulatory approval. This matters to investors because these actions directly return capital to shareholders, potentially boosting the stock price through reduced share count and providing immediate cash income.
Why It Matters
This filing signals BBVA's commitment to returning capital to shareholders through both a cash dividend and a large share buy-back, which can increase shareholder value and demonstrate financial strength.
Risk Assessment
Risk Level: low — The announced dividend and share buy-back are positive for shareholders, with the main risk being the regulatory approval for the buy-back program.
Analyst Insight
A smart investor would view this as a positive signal of financial health and shareholder-friendly management, potentially considering increasing their position or holding existing shares to benefit from the dividend and buy-back.
Key Numbers
- 0.39 euros — Cash dividend per share (This is the amount shareholders will receive per share in April 2024 as a final dividend for 2023.)
- 781 million euros — Share buy-back program value (This is the total value of shares BBVA plans to repurchase, which can reduce outstanding shares and boost EPS.)
- January 30, 2024 — Filing date (This is the date the information was communicated to the market.)
Key Players & Entities
- BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (company) — the registrant and issuer of the 6-K filing
- Gloria Couceiro Justo (person) — signer of the 6-K filing on behalf of BBVA
- 0.39 euros (dollar_amount) — gross cash distribution per share planned for April 2024
- 781 million euros (dollar_amount) — planned share buy-back program amount
Forward-Looking Statements
- BBVA's stock price will see a positive reaction due to the capital return. (BBVA) — medium confidence, target: Q2 2024
- The share buy-back program will receive regulatory approval. (BBVA) — medium confidence, target: Q2 2024
FAQ
What is the specific amount of the cash distribution per share BBVA plans to pay?
BBVA plans a cash distribution of 0.39 euros gross per share as a final dividend for 2023.
When is the planned payment date for the cash dividend?
The cash distribution of 0.39 euros gross per share is planned to be paid in April.
What is the total value of the share buy-back program BBVA intends to execute?
BBVA plans to execute a 781 million euros share buy-back program.
Is the share buy-back program subject to any conditions?
Yes, the execution of the 781 million euros share buy-back program is subject to obtaining the corresponding regulatory authorizations and the communication of specific terms and conditions before its execution.
Who signed this 6-K filing on behalf of Banco Bilbao Vizcaya Argentaria, S.A.?
The 6-K filing was signed by Gloria Couceiro Justo on behalf of Banco Bilbao Vizcaya Argentaria, S.A. on January 30, 2024.
Filing Stats: 317 words · 1 min read · ~1 pages · Grade level 13.2 · Accepted 2024-01-30 10:46:50
Filing Documents
- d747058d6k.htm (6-K) — 13KB
- g747058g0130022720087.jpg (GRAPHIC) — 3KB
- 0001193125-24-018987.txt ( ) — 17KB
From the Filing
6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January, 2024 Commission file number: 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as specified in its charter) BANK BILBAO VIZCAYA ARGENTARIA, S.A. (Translation of Registrants name into English) Calle Azul 4, 28050 Madrid Spain (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No X Banco Bilbao Vizcaya Argentaria, S.A. ( BBVA ), in accordance with the provisions of the Securities Market legislation, communicates the following: INSIDE INFORMATION In relation with the ordinary shareholders distribution for 2023, it is planned to submit for the consideration of the corresponding BBVA governing bodies: a. a cash distribution of 0.39 euros gross per share to be paid in April as final dividend for 2023; and b. the execution of a 781 million euros share buy-back programme, subject to obtaining the corresponding regulatory authorizations and to the communication of the specific terms and conditions of the share buy-back programme before its execution. Madrid, 30 January 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Banco Bilbao Vizcaya Argentaria, S.A. Date: January 30, 2024 By: /s/ Gloria Couceiro Justo Name:Gloria Couceiro Justo Title:Global Head of Financial Planning, Business Performance, Capital and Cost & Investment Management