Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.625 per share by the bank on Tuesday, March 25th. This represents a $2.50 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50.
Banco Latinoamericano de Comercio Exterior, S. A. has increased its dividend payment by an average of 26.0% per year over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Latinoamericano de Comercio Exterior, S. A. to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 39.2%.
Banco Latinoamericano de Comercio Exterior, S. A. Price Performance
Shares of NYSE BLX traded down $0.72 during mid-day trading on Monday, reaching $41.65. 271,819 shares of the company were exchanged, compared to its average volume of 114,163. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $27.09 and a 52 week high of $42.88. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $1.52 billion, a PE ratio of 7.61 and a beta of 1.16. The company's 50 day moving average price is $37.52 and its 200 day moving average price is $34.48.
Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. The company had revenue of $78.40 million during the quarter, compared to the consensus estimate of $54.84 million. Sell-side analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.
Banco Latinoamericano de Comercio Exterior, S. A. Company Profile
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Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.
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