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

Banco Santander logo with Financial Services background

Banco Santander, S.A. (LON:BNC - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 364.48 ($4.77) and traded as high as GBX 382 ($5.00). Banco Santander shares last traded at GBX 378 ($4.95), with a volume of 191,709 shares traded.

Banco Santander Trading Down 0.3 %

The company has a market capitalization of £58.06 billion, a PE ratio of 638.98, a price-to-earnings-growth ratio of 2.16 and a beta of 1.32. The stock's 50-day moving average is GBX 364.60 and its two-hundred day moving average is GBX 379.10.

Banco Santander Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Wednesday, October 30th will be given a dividend of €0.10 ($0.11) per share. The ex-dividend date of this dividend is Wednesday, October 30th. This is a positive change from Banco Santander's previous dividend of $0.10. This represents a dividend yield of 2.2%. Banco Santander's dividend payout ratio (DPR) is 2,881.36%.

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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