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

Banco Santander, S.A. (NYSE:SAN) declared a dividend on Thursday, October 1st. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1439 per share by the bank on Thursday, November 5th. This represents a dividend yield of 217.0%. The ex-dividend date of this dividend is Friday, October 30th.

Banco Santander has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Santander to earn $1.42 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 14.8%.

Banco Santander Trading Up 0.6%

Shares of SAN stock opened at $13.37 on Friday. Banco Santander has a 12-month low of $9.62 and a 12-month high of $15.05. The company has a market cap of $196.32 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.66 and a beta of 0.74. The stock has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $13.17.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The company had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. On average, equities analysts forecast that Banco Santander will post 1.25 earnings per share for the current fiscal year.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.