Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Free Report) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Investors of record on Friday, November 8th will be given a dividend of 0.50 per share by the bank on Tuesday, November 26th. This represents a $2.00 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Friday, November 8th.
Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend payment by an average of 4.1% annually over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a dividend payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Equities 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. Trading Down 1.2 %
Shares of BLX stock traded down $0.38 on Wednesday, hitting $32.43. The stock had a trading volume of 131,038 shares, compared to its average volume of 125,846. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $1.18 billion, a P/E ratio of 6.56 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $21.69 and a 1 year high of $34.45. The company’s 50 day moving average price is $31.98 and its 200-day moving average price is $30.80.
Banco Latinoamericano de Comercio Exterior, S. A. Company Profile
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 in two segments, Commercial and Treasury. It 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.
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