Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) to Issue $0.50 Quarterly Dividend

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.50 per share by the bank on Tuesday, November 26th. This represents a $2.00 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, November 8th.

Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend payment by an average of 4.1% annually over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. 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 $2.00 annual dividend with an expected future payout ratio of 39.2%.

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

Shares of BLX opened at $34.28 on Thursday. The firm has a market cap of $1.25 billion, a P/E ratio of 6.27 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $22.93 and a twelve month high of $34.46. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.62 and a current ratio of 1.77. The firm’s 50 day moving average price is $32.25 and its two-hundred day moving average price is $30.92.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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.