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Banco Santander, S.A. (NYSE:SAN) Raises Dividend to $0.12 Per Share

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Banco Santander, S.A. (NYSE:SAN - Get Free Report) declared a semi-annual dividend on Monday, March 10th, Wall Street Journal reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.1152 per share by the bank on Wednesday, May 7th. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, April 30th. This is a 44.0% increase from Banco Santander's previous semi-annual dividend of $0.08.

Banco Santander has raised its dividend payment by an average of 55.6% annually over the last three years. Banco Santander has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Santander to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 23.9%.

Banco Santander Stock Performance

NYSE SAN traded down $0.37 during trading hours on Monday, reaching $6.40. The stock had a trading volume of 5,066,758 shares, compared to its average volume of 3,065,612. Banco Santander has a 52-week low of $4.27 and a 52-week high of $6.83. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The stock has a market cap of $96.90 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The stock has a fifty day moving average of $5.43 and a 200 day moving average of $5.05.

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Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. Sell-side analysts predict that Banco Santander will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on SAN shares. The Goldman Sachs Group downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. Morgan Stanley raised shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Banco Santander currently has a consensus rating of "Buy".

Check Out Our Latest Stock Analysis on Banco Santander

Banco Santander Company Profile

(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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Dividend History for Banco Santander (NYSE:SAN)

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