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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) declared a quarterly dividend on Thursday, April 18th, investing.com reports. Shareholders 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% annually 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 dividend payout ratio of 39.6% 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

Shares of NYSE BLX opened at $29.59 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 5.99 and a beta of 1.21. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $17.09 and a 1-year high of $31.62. The stock’s 50-day moving average is $27.98 and its 200 day moving average is $25.35. The company has a current ratio of 2.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 EPS 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%. The company had revenue of $77.79 million during the quarter. On average, sell-side analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

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 report on Tuesday, February 27th.

Institutional Investors 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 raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,209 shares of the bank’s stock after acquiring an additional 957 shares during the period. Rhumbline Advisers owned approximately 0.12% of Banco Latinoamericano de Comercio Exterior, S. A. worth $734,000 as of its most recent SEC filing. 19.47% of the stock is owned by institutional investors and hedge funds.

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.