Banco Santander, S.A. (NYSE:SAN) to Issue $0.15 Dividend

Banco Santander, S.A. (NYSE:SAN) announced a dividend on Wednesday, March 4th. Investors of record on Monday, May 4th will be paid a dividend of 0.1473 per share by the bank on Friday, May 8th. This represents a dividend yield of 254.0%. The ex-dividend date is Monday, May 4th.

Banco Santander has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 19.6%.

Banco Santander Price Performance

Shares of NYSE SAN opened at $11.59 on Thursday. The company has a 50 day moving average of $12.26 and a 200 day moving average of $10.99. The company has a quick ratio of 0.25, a current ratio of 0.33 and a debt-to-equity ratio of 3.15. Banco Santander has a twelve month low of $5.54 and a twelve month high of $13.24. The firm has a market cap of $172.52 billion, a P/E ratio of 11.48, a PEG ratio of 0.67 and a beta of 0.71.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The firm had revenue of $18.90 billion during the quarter, compared to analysts’ expectations of $15.89 billion. As a group, research analysts expect that Banco Santander will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

Large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Banco Santander in the third quarter worth approximately $25,000. True Wealth Design LLC purchased a new position in shares of Banco Santander during the 3rd quarter valued at $27,000. Eagle Bay Advisors LLC bought a new position in Banco Santander in the 4th quarter worth $31,000. Cullen Frost Bankers Inc. purchased a new stake in Banco Santander in the 4th quarter worth $34,000. Finally, Sound Income Strategies LLC lifted its position in shares of Banco Santander by 11,752.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,938 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.