CaixaBank, S.A. (OTCMKTS:CAIXY) to Issue Dividend Increase – $0.06 Per Share

CaixaBank, S.A. (OTCMKTS:CAIXY) announced a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Tuesday, April 22nd will be paid a dividend of 0.0631 per share on Friday, May 9th. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a 91.9% increase from CaixaBank’s previous dividend of $0.03.

CaixaBank Price Performance

Shares of CAIXY traded up $0.08 during mid-day trading on Tuesday, hitting $2.67. 318,229 shares of the company’s stock were exchanged, compared to its average volume of 359,804. CaixaBank has a 52 week low of $1.58 and a 52 week high of $2.75. The company has a 50-day simple moving average of $2.24 and a 200 day simple moving average of $2.03.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of CaixaBank from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Royal Bank of Canada raised CaixaBank to a “hold” rating in a research report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods lowered CaixaBank from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 24th.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.