Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX – Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.6875 per share by the bank on Tuesday, November 24th. This represents a $2.75 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, November 6th.
Banco Latinoamericano de Comercio Exterior has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Banco Latinoamericano de Comercio Exterior has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings.
Banco Latinoamericano de Comercio Exterior Stock Performance
NYSE BLX opened at $51.29 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 3.34. Banco Latinoamericano de Comercio Exterior has a twelve month low of $42.29 and a twelve month high of $63.19. The business has a 50-day moving average price of $54.38 and a 200-day moving average price of $54.09. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 8.46 and a beta of 0.84.
Banco Latinoamericano de Comercio Exterior (NYSE:BLX – Get Free Report) last issued its earnings results on Monday, October 26th. The bank reported $1.48 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.96% and a net margin of 27.91%. The company had revenue of $99.12 million for the quarter.
Banco Latinoamericano de Comercio Exterior Company Profile
Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a multilateral bank that supports international trade and economic integration across Latin America and the Caribbean. Headquartered in Panama, the bank provides financing and related services to financial institutions, corporations and other eligible counterparties engaged in regional and international commerce.
Bladex offers trade finance, commercial lending, structured financing, letters of credit, guarantees and treasury-related services.
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