Banco Santander (LON:BNC) Share Price Passes Above 50-Day Moving Average - Here's Why

Banco Santander, S.A. (LON:BNC - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 505.38 ($6.70) and traded as high as GBX 517.75 ($6.86). Banco Santander shares last traded at GBX 511 ($6.77), with a volume of 111,152 shares traded.

Banco Santander Stock Performance

The stock's 50-day moving average price is GBX 506.91 and its two-hundred day moving average price is GBX 427.94. The stock has a market capitalization of £99.12 billion, a PE ratio of 8.46, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 29th will be paid a €0.11 ($0.13) dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Banco Santander's previous dividend of $0.10. This represents a dividend yield of 1.69%. Banco Santander's payout ratio is currently 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.