Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Announces Quarterly Dividend of $0.50

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 paid a dividend of 0.50 per share by the bank on Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change 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 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. 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 Up 0.1 %

Shares of Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $29.59 on Friday. 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 price of $27.98 and a 200 day moving average price of $25.35. Banco Latinoamericano de Comercio Exterior, S. A. has a fifty-two week low of $17.09 and a fifty-two week high of $31.62. The firm has a market cap of $1.08 billion, a P/E ratio of 5.99 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its earnings results on Thursday, February 22nd. The bank reported $1.27 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The company had revenue of $77.79 million during the quarter. On average, sell-side analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

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 shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,209 shares of the bank’s stock after buying an additional 957 shares during the period. Rhumbline Advisers owned approximately 0.12% of Banco Latinoamericano de Comercio Exterior, S. A. worth $734,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research note 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.