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Banco Santander (LON:BNC) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Banco Santander logo with Financial Services background
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Banco Santander, S.A. (LON:BNC - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 499.34 ($6.58) and traded as high as GBX 519 ($6.84). Banco Santander shares last traded at GBX 490.50 ($6.47), with a volume of 2,998,015 shares.

Banco Santander Stock Up 3.2 %

The firm has a 50-day moving average price of GBX 501.41 and a two-hundred day moving average price of GBX 421.64. The firm has a market cap of £94.35 billion, a PE ratio of 8.05, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The firm also recently announced 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 ($0.13) per share. This represents a yield of 1.69%. The ex-dividend date is Tuesday, April 29th. This is a boost from Banco Santander's previous dividend of $0.10. Banco Santander's payout ratio is 26.64%.

About Banco Santander

(Get Free Report)

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.

Further Reading

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