Grupo Cibest S.A. – Sponsored ADR to Issue Special Dividend of $1.63 (NYSE:CIB)

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) announced a special dividend on Thursday, August 27th. Investors of record on Tuesday, September 8th will be given a dividend of 1.6324 per share by the bank on Tuesday, September 15th. The ex-dividend date of this dividend is Tuesday, September 8th.

Grupo Cibest has raised its dividend payment by an average of 0.2%per year over the last three years. Grupo Cibest has a dividend payout ratio of 85.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Grupo Cibest to earn $11.53 per share next year, which means the company should continue to be able to cover its $5.57 annual dividend with an expected future payout ratio of 48.3%.

Grupo Cibest Trading Down 1.5%

Shares of CIB stock traded down $1.44 during mid-day trading on Friday, reaching $97.19. The stock had a trading volume of 171,629 shares, compared to its average volume of 398,860. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $87.76 and its two-hundred day moving average price is $77.30. The firm has a market capitalization of $23.06 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 0.77 and a beta of 0.67. Grupo Cibest has a 52-week low of $49.39 and a 52-week high of $103.50.

Grupo Cibest (NYSE:CIB) last posted its earnings results on Monday, August 10th. The bank reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Equities analysts expect that Grupo Cibest will post 10.87 earnings per share for the current fiscal year.

About Grupo Cibest

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.