Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) to Issue Quarterly Dividend of $0.63

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.625 per share by the bank on Tuesday, March 25th. This represents a $2.50 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50.

Banco Latinoamericano de Comercio Exterior, S. A. has increased its dividend payment by an average of 26.0% annually over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 33.3% 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

Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $42.31 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 7.73 and a beta of 1.16. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $27.05 and a 12 month high of $42.39. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s 50-day moving average is $37.40 and its 200-day moving average is $34.31.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.33. The firm had revenue of $78.40 million during the quarter, compared to the consensus estimate of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. Equities analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

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.