Banco Santander, S.A. (SAN) To Go Ex-Dividend on April 30th

Banco Santander, S.A. (NYSE:SAN) announced a semi-annual dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.1152 per share by the bank on Wednesday, May 7th. This represents a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a 44.0% increase from Banco Santander’s previous semi-annual dividend of $0.08.

Banco Santander has raised its dividend payment by an average of 55.6% annually over the last three years. Banco Santander has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 25.0%.

Banco Santander Price Performance

Banco Santander stock opened at $7.25 on Monday. The stock has a market cap of $109.86 billion, a P/E ratio of 8.74, a PEG ratio of 0.77 and a beta of 0.81. Banco Santander has a 12-month low of $4.27 and a 12-month high of $7.32. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The company has a 50-day moving average price of $6.57 and a 200 day moving average price of $5.49.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. Sell-side analysts anticipate that Banco Santander will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAN has been the topic of several recent analyst reports. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

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.