Banco Santander, S.A. (NYSE:SAN – Get Free Report) announced a semi-annual dividend on Thursday, February 29th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.1027 per share by the bank on Tuesday, May 7th. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09.
Banco Santander has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 24.7%.
Banco Santander Trading Up 1.0 %
NYSE:SAN opened at $5.11 on Friday. The company has a market cap of $80.87 billion, a PE ratio of 7.30, a P/E/G ratio of 0.49 and a beta of 1.22. The business’s 50 day moving average is $4.55 and its two-hundred day moving average is $4.18. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.24. Banco Santander has a 52 week low of $3.20 and a 52 week high of $5.17.
Wall Street Analyst Weigh In
Separately, Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.
Check Out Our Latest Research Report on SAN
About Banco Santander
Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.
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