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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) declared a quarterly dividend on Thursday, April 18th, investing.com reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend 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 payment by an average of 4.1% per year over the last three years and has increased its dividend every year for the last 1 years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 39.6% meaning 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. Price Performance

Shares of NYSE:BLX opened at $29.59 on Friday. The firm has a market cap of $1.08 billion, a PE ratio of 5.99 and a beta of 1.21. The firm’s fifty day moving average is $27.98 and its 200-day moving average is $25.35. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.00 and a current ratio of 2.08. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $17.09 and a 52 week high of $31.62.

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

Analyst Upgrades and Downgrades

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

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

An institutional investor recently raised its position in Banco Latinoamericano de Comercio Exterior, S. A. stock. Thomas White International Ltd. grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 353,718 shares of the bank’s stock after purchasing an additional 1,021 shares during the period. Thomas White International Ltd. owned approximately 0.98% of Banco Latinoamericano de Comercio Exterior, S. A. worth $5,510,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 19.47% of the company’s stock.

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 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.