Banco BPM S.p.A. (0RLA.IL)
- GuruFocus.com
Banco BPM SpA's Dividend Analysis
Banco BPM SpA (BNCZF) recently announced a dividend of $0.56 per share, payable on 2024-04-24, with the ex-dividend date set for 2024-04-22. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Banco BPM SpA's dividend performance and assess its sustainability.
- Reuters
Italy's Banco BPM in spotlight as dividends, M&A appeal drive volumes
MILAN (Reuters) -A surge in trading of Banco BPM shares is again drawing attention to Italy's third-largest bank, which has long been at the centre of speculation about potential consolidation in the sector. The stock's appeal is a combination of the bank's possible role in expected consolidation in Italy, as well as good cash dividend returns, investors and analyst said. Reporting an 85% rise in full-year profit this month, Banco BPM said it was more than doubling its cash dividend to 56 euro cents a share from 23 euro cents.
- Reuters
Italy's Banco BPM more than doubles dividend after strong 2023
Italy's Banco BPM met its 2023 net profit goal on Thursday as higher interest rates boosted earnings in the last quarter of the year, and more than doubled its dividend per share compared with 2022. Italy's third-largest bank reported a net profit of 1.26 billion euros for 2023, up 84.6% from the previous year thanks to rising revenues and falling loan loss provisions, which more than offset increasing costs. Banco BPM, whose leading shareholder and main commercial partner is French bank Credit Agricole, confirmed a 2024 profit guidance of 90 euros cents per share net of non-recurring items, up from above 80 euro cents last year.
