Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Raises Dividend to $0.50 Per Share

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) declared a quarterly dividend on Thursday, April 18th, investing.com reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.50 per share by the bank on Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39.

Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend payment by an average of 4.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Banco Latinoamericano de Comercio Exterior, S. A. has a dividend payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Latinoamericano de Comercio Exterior, S. A. to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 39.2%.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

Shares of BLX stock opened at $29.33 on Thursday. The company has a quick ratio of 1.00, a current ratio of 2.08 and a debt-to-equity ratio of 3.62. The business has a 50 day moving average of $28.35 and a two-hundred day moving average of $25.57. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $17.09 and a 52 week high of $31.62. The company has a market cap of $1.07 billion, a P/E ratio of 5.94 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 earnings per share (EPS) for the quarter. The business had revenue of $77.79 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. As a group, analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.

About Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.