Banco Latinoamericano de Comercio Exterior, S. A. (BLX) To Go Ex-Dividend on April 26th

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Thursday, April 18th, investing.com reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Friday, April 26th. This is an increase 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 by an average of 4.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Equities 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

NYSE:BLX opened at $29.92 on Wednesday. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $17.09 and a twelve month high of $31.62. The firm has a 50-day moving average price of $28.22 and a two-hundred day moving average price of $25.54. The company has a current ratio of 2.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $1.09 billion, a P/E ratio of 6.06 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The business had revenue of $77.79 million during the quarter. As a group, research analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

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.