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Banco Santander (LON:BNC) Trading 3.5% Higher - Here's Why

Banco Santander logo with Financial Services background

Shares of Banco Santander, S.A. (LON:BNC - Get Free Report) shot up 3.5% during mid-day trading on Wednesday . The company traded as high as GBX 373.50 ($4.77) and last traded at GBX 372.50 ($4.75). 194,754 shares changed hands during trading, a decline of 52% from the average session volume of 405,307 shares. The stock had previously closed at GBX 360 ($4.59).

Banco Santander Trading Up 4.7 %

The company's 50-day moving average is GBX 375.12 and its 200 day moving average is GBX 374.44. The firm has a market cap of £59.90 billion, a PE ratio of 661.02, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Shareholders of record on Wednesday, October 30th were paid a dividend of €0.10 ($0.11) per share. This is an increase from Banco Santander's previous dividend of $0.10. This represents a yield of 2.2%. The ex-dividend date was Wednesday, October 30th. Banco Santander's payout ratio is 2,881.36%.

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.

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