Banco Santander, S.A. (NYSE:SAN) Shareholders to Get $0.14 Dividend

Banco Santander, S.A. (NYSE:SAN) announced a dividend on Thursday, October 1st. Shareholders of record on Friday, October 30th will be paid a dividend of $0.1439 per share by the bank on Thursday, November 5th. This represents a yield of 217.0%. The ex-dividend date is Friday, October 30th.

Banco Santander has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $1.42 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 14.8%.

Banco Santander Price Performance

Banco Santander stock traded down $0.02 during mid-day trading on Friday, reaching $13.26. The company had a trading volume of 747,098 shares, compared to its average volume of 11,460,233. The stock’s 50-day simple moving average is $14.46 and its 200-day simple moving average is $13.17. The company has a market capitalization of $194.84 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.69 and a beta of 0.74. Banco Santander has a 1 year low of $9.62 and a 1 year high of $15.05.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $17.93 billion during the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. On average, equities analysts forecast that Banco Santander will post 1.25 EPS for the current fiscal year.

About Banco Santander

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.