Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Plans $0.06 None Dividend

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) declared a None dividend on Tuesday, January 16th, Zacks reports. Investors of record on Friday, January 26th will be paid a dividend of 0.059 per share by the bank on Friday, February 2nd. This represents a yield of 0.0077023498694517%. The ex-dividend date of this dividend is Thursday, January 25th.

Grupo Financiero Santander Mexico S.A. B. de C.V. has decreased its dividend payment by an average of 14.2% annually over the last three years. Grupo Financiero Santander Mexico S.A. B. de C.V. has a payout ratio of 47.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Financiero Santander Mexico S.A. B. de C.V. to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 43.2%.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded down $0.03 during trading on Wednesday, reaching $7.66. The company had a trading volume of 3,175,800 shares, compared to its average volume of 2,360,170. Grupo Financiero Santander Mexico S.A. B. de C.V. has a one year low of $6.89 and a one year high of $10.82. The company has a market cap of $5,109.37, a PE ratio of 11.26, a P/E/G ratio of 1.43 and a beta of 1.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last announced its earnings results on Thursday, October 26th. The bank reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Grupo Financiero Santander Mexico S.A. B. de C.V. had a return on equity of 15.27% and a net margin of 17.80%. equities research analysts anticipate that Grupo Financiero Santander Mexico S.A. B. de C.V. will post 0.74 EPS for the current fiscal year.

An institutional investor recently raised its position in Grupo Financiero Santander Mexico S.A. B. de C.V. stock. State Street Corp raised its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,899 shares of the bank’s stock after acquiring an additional 1,300 shares during the quarter. State Street Corp’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $442,000 as of its most recent SEC filing. 29.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Credit Suisse Group cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to an “underperform” rating in a report on Tuesday. Zacks Investment Research cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Scotia Howard Weill raised Grupo Financiero Santander Mexico S.A. B. de C.V. from an “underperform” rating to a “sector perform” rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.62.

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Grupo Financiero Santander Mexico S.A. B. de C.V. Company Profile

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities.

Dividend History for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

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