Banco Santander (LON:BNC) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Banco Santander, S.A. (LON:BNC)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 489.60 ($6.32) and traded as high as GBX 533 ($6.88). Banco Santander shares last traded at GBX 528 ($6.81), with a volume of 157,463 shares changing hands.

Banco Santander Trading Down 9.1 %

The business’s fifty day moving average price is GBX 492.80 and its 200-day moving average price is GBX 416.61. The company has a market capitalization of £85.26 billion, a P/E ratio of 7.28, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 29th will be issued a €0.11 ($0.12) dividend. This is a boost from Banco Santander’s previous dividend of $0.10. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, April 29th. Banco Santander’s dividend payout ratio is presently 26.64%.

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.