Why Did BBVA Plunge 5.48% Amid Dividend Hike?

Generated by AI AgentAinvest Movers Radar
Monday, Apr 7, 2025 5:28 am ET1min read

On April 7, 2025,

experienced a significant drop of 5.48% in pre-market trading, reflecting a notable decline in investor sentiment.

Recent data indicates a decrease in short interest for Bank Bilbao Vizcaya Argentaria (BBVA), with 1,590,000 shares shorted as of March 15th, marking a 29.3% reduction from the previous month's total of 2,250,000 shares. This decline suggests a potential shift in market dynamics, as fewer investors are betting against the stock.

BBVA is set to pay a supplementary dividend of €0.41 per share on April 10, 2025, representing a 5.1% increase from the previous year's payout. This dividend payment, combined with the interim dividend of €0.29, underscores the bank's commitment to returning value to shareholders.

Onur Genç, the CEO of BBVA, highlighted the strategic integration of BBVA and Sabadell, emphasizing the transaction's potential to enhance scale in Spain and create long-term value for all stakeholders. This integration is expected to strengthen BBVA's market position and operational efficiency.

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