Banco Latinoamericano de Comercio Exterior, S. A. (BLX) to Issue Quarterly Dividend of $0.63 on March 25th

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 annualized dividend and a yield of 6.31%. The ex-dividend date is Monday, March 10th. This is a 25.0% increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50.

Banco Latinoamericano de Comercio Exterior, S. A. has increased its dividend by an average of 26.0% annually over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a dividend payout ratio of 41.4% indicating that 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 $2.50 annual dividend with an expected future payout ratio of 49.0%.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

BLX stock opened at $39.63 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of 7.24 and a beta of 1.13. Banco Latinoamericano de Comercio Exterior, S. A. has a 12-month low of $27.37 and a 12-month high of $42.88. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The stock’s 50 day simple moving average is $38.00 and its 200 day simple moving average is $34.78.

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