BNCZF (Banco BPM SpA) Dividend Payout Ratio: 1.64 (As of Dec. 2025) — 369% Above Median

What is Banco BPM SpA Dividend Payout Ratio?

Banco BPM SpA BNCZF +4.08% 52 Dividend Payout Ratio is 1.64 as of Dec. 2025, which is 369% above its 10-year median of 0.35. GuruFocus rates BNCZF with a GF Score™ of 52/100 and a GF Value™ of $8.36 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,169 Banks companies, Banco BPM SpA ranks worse than 92.9% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Banco BPM SpA's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.64.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Banco BPM SpA is 0.77, which seems too high.

The historical rank and industry rank for Banco BPM SpA's Dividend Payout Ratio or its related term are showing as below:

BNCZF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.35 Max: 0.77
Current: 0.77

During the past 13 years, the highest Dividend Payout Ratio of Banco BPM SpA was 0.77. The lowest was 0.12. And the median was 0.35.

BNCZF's Dividend Payout Ratio is ranked worse than
92.9% of 1169 companies
in the Banks industry
Industry Median: 0.32 vs BNCZF: 0.77

As of today (2026-06-24), the Dividend Yield % of Banco BPM SpA is 7.02%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Banco BPM SpA was 12.48%. The lowest was 6.75%. And the median was 8.81%.

Banco BPM SpA's Dividends per Share for the months ended in Dec. 2025 was $0.54.

During the past 12 months, Banco BPM SpA's average Dividends Per Share Growth Rate was 10.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 77.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Banco BPM SpA was 152.00% per year. The lowest was -59.00% per year. And the median was 16.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Banco BPM SpA (OTCPK:BNCZF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Banco BPM SpA Dividend Payout Ratio Related Terms

Banco BPM SpA Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Banco BPM SpA's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Banco BPM SpA Dividend Payout Ratio Chart

Banco BPM SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.12

0.35

0.24

0.66

0.72

Banco BPM SpA Quarterly Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	1.27	0.00	1.64	0.00

Banco BPM SpA Dividend Payout Ratio Competitor Comparison

For the Banks - Regional subindustry, Banco BPM SpA's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Banco BPM SpA Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banco BPM SpA's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Banco BPM SpA's Dividend Payout Ratio falls into.

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52GF Score

Banco BPM SpA BNCZF

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Banco BPM SpA Dividend Payout Ratio Calculation

Banco BPM SpA's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.241	/	1.736
	=	0.71

Banco BPM SpA's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2025 )	/	EPS without NRI (Q: Dec. 2025 )
	=	0.539	/	0.329
	=	1.64

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.64 mean?

Banco BPM SpA (BNCZF) has a Dividend Payout Ratio of 1.64 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Banco BPM SpA and its competitors. This is 369% above median its historical median of 0.35. Over the past decade, Banco BPM SpA's Dividend Payout Ratio has ranged from 0.12 to 0.77. According to the industry distribution chart, Banco BPM SpA ranks #1086 out of 1169 companies in the Banks industry, placing it in the top 92.9%.

Is Banco BPM SpA's Dividend Payout Ratio too high?

Banco BPM SpA's current Dividend Payout Ratio of 1.64 is 369% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.77. The Banks industry median Dividend Payout Ratio is 0.32. Banco BPM SpA's value of 1.64 is 412.5% above this industry median. Based on the distribution chart, Banco BPM SpA ranks #1086 out of 1169 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banco BPM SpA has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Banco BPM SpA's Dividend Payout Ratio compare to competitors?

According to the Banks industry distribution chart, Banco BPM SpA ranks #1086 out of 1169 companies for Dividend Payout Ratio. This places Banco BPM SpA in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Banco BPM SpA's value of 1.64 is 412.5% above this benchmark. Historically, Banco BPM SpA's own Dividend Payout Ratio has ranged from 0.12 to 0.77 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.32, Banco BPM SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Banks company?

The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,169 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Banco BPM SpA's current Dividend Payout Ratio of 1.64 is 412.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Banco BPM SpA and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco BPM SpA's current Dividend Payout Ratio is 1.64, which is 369% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Banco BPM SpA stock overvalued right now?

Based on GuruFocus' analysis, Banco BPM SpA (BNCZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.36, compared to a current price of $16.60 — trading 98.6% above its estimated fair value. The current Dividend Payout Ratio is 1.64, which is 369% above median its 10-year median of 0.35 and 412.5% above the Banks industry median of 0.32. Banco BPM SpA's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Banco BPM SpA (BNCZF), the current Dividend Payout Ratio is 1.64 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Banco BPM SpA (BNCZF) Overvalued in 2026?

Based on GuruFocus' analysis, Banco BPM SpA stock appears to be overvalued. The current stock price of $16.60 is trading 98.6% above its estimated GF Value™ of $8.36. GuruFocus considers Banco BPM SpA to be Significantly Overvalued.

Key valuation signals for BNCZF:

Dividend Payout Ratio: 1.64 (369% above median its 10-year median of 0.35)
GF Value™: $8.36 vs. price of $16.60 (98.6% above fair value)
GF Score™: 52/100 with 6 warning signs
Industry Position: 412.5% above the Banks median (#1086 of 1169)

No single metric tells the full story. See the BNCZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Banco BPM SpA Business Description

Industry Financial Services Banks

Comparable Companies MIL:MB MIL:BPE MIL:BMED MIL:FBK MIL:BMPS MIL:BGN MIL:CE MIL:IF MIL:BDB MIL:BST SHSE:600036 SGX:D05 MIL:UCG NSE:HDFCBANK XPAR:BNP MIL:ISP TSE:8411 SAU:1120 NSE:ICICIBANK XMAD:CABK

Other Exchanges BNNCY:USA BAMI:Italy BAMIm:UK 0RLA:UK BPM:Germany BAMI:Austria

Address Piazza F. Meda, Milan, ITA, 20121

Website http://www.bancobpmspa.it

Banco BPM SpA is a financial services provider. It offers services including retail banking, corporate banking and private and investment banking/asset management.

52GF Score

Get the complete analysis for BNCZF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.60

Price

$8.36

GF Value

View BNCZF Analysis

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