Banco Santander (LON:BNC) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Banco Santander, S.A. (LON:BNC) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 368.81 ($4.82) and traded as high as GBX 389.50 ($5.09). Banco Santander shares last traded at GBX 379.50 ($4.96), with a volume of 320,909 shares trading hands.

Banco Santander Stock Performance

The company’s fifty day moving average price is GBX 369.54 and its two-hundred day moving average price is GBX 379.08. The firm has a market capitalization of £58.60 billion, a PE ratio of 646.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Wednesday, October 30th will be paid a dividend of €0.10 ($0.11) per share. This is an increase from Banco Santander’s previous dividend of $0.10. This represents a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, October 30th. Banco Santander’s payout ratio is currently 2,881.36%.

About Banco Santander

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.