Intercorp Financial Services Inc. Plans Annual Dividend of $1.00 (NYSE:IFS)

Intercorp Financial Services Inc. (NYSE:IFS) declared an annual dividend on Tuesday, April 1st, Wall Street Journal reports. Shareholders of record on Thursday, April 24th will be paid a dividend of 1.00 per share on Monday, May 5th. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th.

Intercorp Financial Services has decreased its dividend payment by an average of 58.7% per year over the last three years. Intercorp Financial Services has a dividend payout ratio of 2.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intercorp Financial Services to earn $4.93 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 2.0%.

Intercorp Financial Services Trading Up 2.0 %

IFS opened at $33.79 on Wednesday. Intercorp Financial Services has a 1-year low of $20.56 and a 1-year high of $34.60. The company’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $29.29. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last issued its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, equities analysts forecast that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.