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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Thursday, April 18th, investing.com reports. Investors of record on Monday, April 29th will be given 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 6.76%. The ex-dividend date is Friday, April 26th. This is a boost 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 by an average of 4.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Banco Latinoamericano de Comercio Exterior, S. A. has a dividend payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Equities 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. Price Performance

Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $29.59 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 5.99 and a beta of 1.21. The company has a debt-to-equity ratio of 3.62, a current ratio of 2.08 and a quick ratio of 1.00. Banco Latinoamericano de Comercio Exterior, S. A. has a 12-month low of $17.09 and a 12-month high of $31.62. The firm’s 50-day moving average is $27.98 and its two-hundred day moving average is $25.35.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 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%. Equities analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A hedge fund recently raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. stock. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,498 shares of the bank’s stock after acquiring an additional 2,089 shares during the period. Rhumbline Advisers owned approximately 0.13% of Banco Latinoamericano de Comercio Exterior, S. A. worth $986,000 as of its most recent SEC filing. Institutional investors own 19.47% of the company’s stock.

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.