Banco Latinoamericano de Comercio Exterior, S.A. (BLX) to Issue Quarterly Dividend of $0.69 on May 27th

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) announced a quarterly dividend on Monday, April 27th. Investors of record on Friday, May 8th will be given a dividend of 0.6875 per share by the bank on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, May 8th.

Banco Latinoamericano de Comercio Exterior has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Banco Latinoamericano de Comercio Exterior has a payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of BLX stock opened at $53.61 on Wednesday. The firm has a market cap of $2.00 billion, a P/E ratio of 8.90 and a beta of 0.81. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.62 and a quick ratio of 1.62. Banco Latinoamericano de Comercio Exterior has a 1-year low of $38.41 and a 1-year high of $57.79. The firm has a fifty day moving average of $51.75 and a two-hundred day moving average of $47.73.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.65%. The business had revenue of $83.10 million for the quarter.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.