Banco Latinoamericano de Comercio Exterior, S.A. (BLX) To Go Ex-Dividend on November 6th

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.6875 per share by the bank on Tuesday, November 24th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, November 6th.

Banco Latinoamericano de Comercio Exterior has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive 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 Performance

NYSE:BLX opened at $51.29 on Wednesday. The firm’s fifty day simple moving average is $54.38 and its 200 day simple moving average is $54.09. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 3.34. Banco Latinoamericano de Comercio Exterior has a twelve month low of $42.29 and a twelve month high of $63.19. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.46 and a beta of 0.84.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings results on Monday, October 26th. The bank reported $1.48 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.96% and a net margin of 27.91%. The firm had revenue of $99.12 million during the quarter.

Insiders Place Their Bets

In other Banco Latinoamericano de Comercio Exterior news, insider Adriana Lizzeth Diaz acquired 1,792 shares of the company’s stock in a transaction on Friday, October 30th. The shares were bought at an average cost of $52.39 per share, for a total transaction of $93,882.88. Following the acquisition, the insider directly owned 15,090 shares of the company’s stock, valued at $790,565.10. This trade represents a 13.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a multilateral bank that supports international trade and economic integration across Latin America and the Caribbean. Headquartered in Panama, the bank provides financing and related services to financial institutions, corporations and other eligible counterparties engaged in regional and international commerce.

Bladex offers trade finance, commercial lending, structured financing, letters of credit, guarantees and treasury-related services.