Banco Santander (LON:BNC) Shares Pass Above 50 Day Moving Average - Here's Why

Banco Santander, S.A. (LON:BNC - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 474.03 ($6.14) and traded as high as GBX 553 ($7.16). Banco Santander shares last traded at GBX 553 ($7.16), with a volume of 901,485 shares trading hands.

Banco Santander Price Performance

The firm has a market cap of £97.10 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 2.18 and a beta of 1.32. The firm has a fifty day simple moving average of GBX 479.90 and a two-hundred day simple moving average of GBX 410.37.

Banco Santander Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 29th will be paid a dividend of €0.11 ($0.12) per share. This represents a yield of 1.69%. The ex-dividend date is Tuesday, April 29th. This is an increase from Banco Santander's previous dividend of $0.10. Banco Santander's payout ratio is presently 26.64%.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.