Banco de Chile (NYSE:BCH) to Issue Annual Dividend of $2.10

Banco de Chile (NYSE:BCH - Get Free Report) announced an annual dividend on Wednesday, March 5th, NASDAQ Dividends reports. Investors of record on Friday, March 21st will be paid a dividend of 2.1037 per share by the bank on Thursday, April 3rd. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, March 21st.

Banco de Chile has increased its dividend payment by an average of 42.1% annually over the last three years. Banco de Chile has a payout ratio of 90.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Banco de Chile to earn $2.41 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 87.1%.

Banco de Chile Price Performance

BCH stock traded down $0.76 during trading on Monday, reaching $26.52. 325,769 shares of the company were exchanged, compared to its average volume of 214,167. Banco de Chile has a 52-week low of $20.93 and a 52-week high of $27.32. The company has a market cap of $13.39 billion, a P/E ratio of 10.57, a PEG ratio of 6.08 and a beta of 0.39. The stock's 50 day moving average price is $24.80 and its 200 day moving average price is $24.27. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51.

Analyst Upgrades and Downgrades

BCH has been the topic of a number of recent research reports. StockNews.com cut Banco de Chile from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, January 24th.

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Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.