The BBVA share
The major stock market indices improved during the first quarter of 2019. In Europe, the Stoxx 50 and Euro Stoxx 50 rose 12.9% and 11.7%, respectively, while in Spain the Ibex 35 index rose 8.2%. Over the same period in the United States, the S&P 500 index rose 13.1%, marking the largest quarterly increase since the third quarter of 2009.
Banking sector performance in particular was also positive in the quarter, although to a lesser extent than the general market indices. Furthermore, the Stoxx European Banks index, which includes the United Kingdom, rose 4.5%, while the Euro Stoxx Banks index for the eurozone rose 7.1%. In the United States, the S&P Regional Banks Select Industry Index grew 9.6% in comparison to the close of the 2018.
On the other hand, the BBVA share performed slightly better than those of the European banking sector and Ibex 35 during the first quarter of 2019, with the share price increasing 9.9% to €5.09 at the close of the quarter.
BBVA share evolution compared with European indices (Base indice 100=31-03-18)
The BBVA share and share performance ratios
| 31-03-19 | 31-12-18 | |
|---|---|---|
| Number of shareholders | 892,316 | 902,708 |
| Number of shares issued | 6,667,886,580 | 6,667,886,580 |
| Daily average number of shares traded | 23,536,617 | 35,909,997 |
| Daily average trading (millions of euros) | 122 | 213 |
| Maximum price (euros) | 5.55 | 7.73 |
| Minimum price (euros) | 4.51 | 4.48 |
| Closing price (euros) | 5.09 | 4.64 |
| Book value per share (euros) | 7.20 | 7.12 |
| Tangible book value per share (euros) | 5.94 | 5.86 |
| Market capitalization (millions of euros) | 33,960 | 30,909 |
| Yield (dividend/price; %) (1) | 4.9 | 5.4 |
- (1) Calculated by dividing shareholder remuneration over the last twelve months by the closing price of the period.
Regarding shareholder remuneration, on April 10, 2019 BBVA paid in cash a gross amount of €0.16 per share as a final dividend for the 2018 fiscal year, which represents a 7% increase compared to April 2018. Thus, the total dividend for the 2018 fiscal year amount to €0.26 gross per share, with a payout of 37% of net attributable profit, excluding the gains of the sale of BBVA Chile. BBVA will continue to pay out between 35% and 40% of its yearly earnings in dividends, with 100% cash remuneration.
Shareholder remuneration
(Euros per share)
As of March 31, 2019, the number of BBVA shares remained at 6,668 million, held by 892,316 shareholders, of whom 44.73% are Spanish residents and the other 55.27% are non-residents.
Shareholder structure (31-03-2019)
| Numbers of shares |
Shareholders | Shares | ||
|---|---|---|---|---|
| Number | % | Number | % | |
| Up 150 | 177,281 | 19.9 | 12,565,086 | 0.2 |
| 151 to 450 | 177,739 | 19.9 | 48,727,280 | 0.7 |
| 451 to 1,800 | 280,798 | 31.5 | 274,676,758 | 4.1 |
| 1,801 to 4,500 | 134,826 | 15.1 | 384,055,358 | 5.8 |
| 4,501 to 9,000 | 62,727 | 7.0 | 395,229,468 | 5.9 |
| 9,001 to 45,000 | 52,468 | 5.9 | 910,481,356 | 13.7 |
| More than 45,001 | 6,477 | 0.7 | 4,642,151,274 | 69.6 |
| Total | 892,316 | 100.0 | 6,667,886,580 | 100.0 |
BBVA shares are included on the main stock market indices, including the Ibex 35, Euro Stoxx 50 and Stoxx 50, with a weighting of 7.0%, 1.4% and 0.9% respectively at the close of March 2019. They also form part of several sector indices, including the Euro Stoxx Banks, with a weighting of 8.5%, and the Stoxx Banks, with a weighting of 4.0%.
Finally, BBVA maintains a significant presence on a number of international sustainability indices or ESG (Environmental, Social and Governance) indices, which evaluate companies' performance in these areas. This presence is summarized in the following table:
Main sustainability indices on which BBVA is listed as of 31-03-19
AAA Rating
Listed on the FTSE4Good Global Index Series
Listed on the Euronext Vigeo Eurozone 120 and Europe 120 indices
Listed on the Ethibel Sustainability Excellence Europe and Eithebel Sustainability Excellence Global indices
Listed on the Bloomberg Gender-Equality Index
In 2018, BBVA obtained a “B” rating
(1) The inclusion of BBVA in any MSCI index, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of BBVA by MSCI or any of its affiliates. The MSCI indices are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.