Banco Santander-Chile (NYSE:BSAC) to Issue Annual Dividend of $1.35

Banco Santander-Chile (NYSE:BSAC - Get Free Report) announced an annual dividend on Monday, April 7th, Wall Street Journal reports. Stockholders of record on Wednesday, April 23rd will be given a dividend of 1.349 per share by the bank on Tuesday, May 6th. This represents a dividend yield of 4.8%. The ex-dividend date is Wednesday, April 23rd. This is a 7.8% increase from Banco Santander-Chile's previous annual dividend of $1.25.

Banco Santander-Chile has decreased its dividend payment by an average of 5.9% per year over the last three years. Banco Santander-Chile has a payout ratio of 59.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander-Chile to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 59.2%.

Banco Santander-Chile Price Performance

Shares of Banco Santander-Chile stock traded up $0.59 on Friday, hitting $22.26. The company's stock had a trading volume of 467,037 shares, compared to its average volume of 287,828. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The firm has a fifty day moving average price of $22.36 and a 200-day moving average price of $20.51. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $23.80.

Remove Ads

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, sell-side analysts anticipate that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.33.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.