BBVA is down as the shares trade ex-dividend for the bank’s €0.60 per-share cash dividend tied to 2025 results. With the ex-dividend date set for April 8, 2026, investors purchasing shares after that date no longer receive the upcoming payout, which typically results in a price reset roughly in line with the dividend amount.

BBVA’s dividend timetable specifies the last trading day with dividend rights as April 7, 2026, the ex-dividend date as April 8, 2026, the record date as April 9, 2026, and the payment date as April 10, 2026. The €0.60 payment is described as the second installment of a record 2025 dividend, following an earlier €0.32 per-share payment in November 2025.

Investors will likely focus on post-ex-dividend price action, ADR dividend conversion mechanics for U.S. holders, and whether BBVA’s ongoing share repurchase activity supports the stock after the dividend-related adjustment. Near-term trading can also be influenced by broader European bank sentiment, but today’s move aligns with the stock’s dividend reset and the record-date timing.