Grupo Cibest S.A. – Sponsored ADR (CIB) to Issue Special Dividend of $1.63 on September 15th

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) declared a special dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be given a dividend of 1.6324 per share by the bank on Tuesday, September 15th. The ex-dividend date is Tuesday, September 8th.

Grupo Cibest has increased its dividend payment by an average of 0.2%annually over the last three years. Grupo Cibest has a payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Grupo Cibest to earn $11.53 per share next year, which means the company should continue to be able to cover its $5.57 annual dividend with an expected future payout ratio of 48.3%.

Grupo Cibest Stock Down 1.7%

CIB opened at $97.00 on Friday. The company has a fifty day moving average of $88.07 and a two-hundred day moving average of $77.44. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.75 and a beta of 0.67. Grupo Cibest has a fifty-two week low of $49.39 and a fifty-two week high of $103.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 0.99.

Grupo Cibest (NYSE:CIB) last posted its earnings results on Monday, August 10th. The bank reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $1.18. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.40 billion. On average, research analysts expect that Grupo Cibest will post 10.87 earnings per share for the current year.

Grupo Cibest Company Profile

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.