Banco Latinoamericano de Comercio Exterior, S. A. Plans Quarterly Dividend of $0.63 (NYSE:BLX)

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) declared a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.625 per share by the bank on Tuesday, June 3rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.34%.

Banco Latinoamericano de Comercio Exterior, S. A. has raised its dividend payment by an average of 26.0% per year over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a dividend payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings. Research 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 $2.50 annual dividend with an expected future payout ratio of 49.0%.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

Shares of BLX stock opened at $39.46 on Tuesday. The stock’s fifty day simple moving average is $37.69 and its 200 day simple moving average is $36.44. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a one year low of $27.37 and a one year high of $42.88. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 7.21 and a beta of 0.87.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its earnings results on Monday, May 5th. The bank reported $1.40 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. On average, analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

About Banco Latinoamericano de Comercio Exterior, S. A.

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 in two segments, Commercial and Treasury. It 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.