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Banco de Sabadell, S.A. (SAB.MC)
- Reuters
Spain's BBVA submits 12-billion-euro offer for Sabadell
MADRID (Reuters) -Spanish bank BBVA said on Wednesday it had submitted a merger proposal to Sabadell, valuing its smaller rival at about 12 billion euros ($12.8 billion). The possible merger would allow BBVA to diversify away from Mexico, its main market, and developing economies such as South America and Turkey, and focus on its domestic market as banks try to raise revenue by scaling up their business as a boost from high interest rates fades. The new lender would have more than 100 million customers globally, and aim to be the "largest bank by market capitalisation in the euro area", BBVA said in a statement.
- Reuters
UPDATE 3-BBVA, Sabadell to explore possible merger
Spanish lender BBVA and smaller rival Sabadell said on Tuesday that they had started negotiations to explore a possible merger, triggering a rise of more than 7% in Sabadell's shares. BBVA said it had conveyed to the chair of the board of directors of Banco Sabadell the interest of BBVA's board of directors "in initiating negotiations to explore a potential merger transaction between the two entities". Sabadell confirmed that it had received an indicative written proposal from BBVA for a merger on Tuesday afternoon.
- GuruFocus.com
Banco de Sabadell SA's Dividend Analysis
Banco de Sabadell SA (BNDSF) recently announced a dividend of $0.03 per share, payable on 2024-04-18, with the ex-dividend date set for 2024-04-16. 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 de Sabadell SA's dividend performance and assess its sustainability.
