Banco Latinoamericano de Comercio Exterior, S.A. (BLX) To Go Ex-Dividend on August 7th

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, August 7th will be given a dividend of 0.6875 per share by the bank on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, August 7th.

Banco Latinoamericano de Comercio Exterior has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Banco Latinoamericano de Comercio Exterior has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings.

Banco Latinoamericano de Comercio Exterior Stock Down 1.1%

Banco Latinoamericano de Comercio Exterior stock opened at $59.16 on Wednesday. The company has a market capitalization of $2.20 billion, a PE ratio of 9.76 and a beta of 0.80. Banco Latinoamericano de Comercio Exterior has a 12-month low of $38.41 and a 12-month high of $63.19. The firm’s fifty day moving average is $58.80 and its 200 day moving average is $53.85. The company has a quick ratio of 1.52, a current ratio of 1.49 and a debt-to-equity ratio of 2.36.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.77 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%. The business had revenue of $98.90 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.