Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Increases Dividend to $0.63 Per Share

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.625 per share by the bank on Tuesday, March 25th. This represents a $2.50 dividend on an annualized basis and a yield of 6.52%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50.

Banco Latinoamericano de Comercio Exterior, S. A. has raised its dividend by an average of 26.0% annually over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities 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 $2.00 annual dividend with an expected future payout ratio of 39.2%.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.3 %

BLX opened at $38.33 on Friday. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $27.05 and a twelve month high of $39.40. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 7.01 and a beta of 1.16. The firm’s 50-day simple moving average is $37.40 and its 200-day simple moving average is $34.31. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The business had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $54.84 million. Equities research analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS 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.