Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) to Issue Quarterly Dividend of $1.44

Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) announced a quarterly dividend on Monday, August 17th. Shareholders of record on Wednesday, September 30th will be given a dividend of 1.4438 per share by the bank on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, September 30th. This is a 10.7% increase from Grupo Cibest’s previous quarterly dividend of $1.30.

Grupo Cibest has increased its dividend by an average of 0.2%annually over the last three years. Grupo Cibest has a dividend payout ratio of 81.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Grupo Cibest to earn $11.53 per share next year, which means the company should continue to be able to cover its $5.31 annual dividend with an expected future payout ratio of 46.1%.

Grupo Cibest Stock Performance

Grupo Cibest stock traded up $0.72 during midday trading on Tuesday, reaching $97.27. The stock had a trading volume of 106,948 shares, compared to its average volume of 406,546. Grupo Cibest has a 12 month low of $48.59 and a 12 month high of $100.74. The firm has a market capitalization of $23.08 billion, a PE ratio of 18.96, a P/E/G ratio of 0.74 and a beta of 0.67. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $84.37 and its 200 day moving average price is $76.21.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings results on Monday, August 10th. The bank reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%.The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.40 billion. As a group, research analysts predict that Grupo Cibest will post 10.87 earnings per share for the current fiscal year.

Grupo Cibest Company Profile

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.