Banco Santander, S.A. (NYSE:SAN) Declares Semi-annual Dividend of $0.10

Banco Santander, S.A. (NYSE:SAN) announced a semi-annual dividend on Thursday, February 29th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.1027 per share by the bank on Tuesday, May 7th. This represents a yield of 3.2%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Banco Santander’s previous semi-annual dividend of $0.09.

Banco Santander has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $0.85 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 24.7%.

Banco Santander Price Performance

SAN opened at $5.11 on Friday. The firm has a market cap of $80.79 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. Banco Santander has a fifty-two week low of $3.20 and a fifty-two week high of $5.17. The company’s 50-day moving average price is $4.55 and its 200 day moving average price is $4.17. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.24.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $15.67 billion for the quarter. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. During the same quarter last year, the company earned $0.14 EPS. As a group, sell-side analysts expect that Banco Santander will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.