Banco Latinoamericano de Comercio Exterior, S. A. (BLX) To Go Ex-Dividend on April 26th

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Thursday, April 18th, investing.com reports. Stockholders of record on Monday, April 29th will be given a dividend of 0.50 per share by the bank on Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Friday, April 26th. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39.

Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend by an average of 4.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Banco Latinoamericano de Comercio Exterior, S. A. has a dividend payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Equities 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 stock opened at $29.59 on Friday. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $17.09 and a 1-year high of $31.62. The company has a current ratio of 2.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 5.99 and a beta of 1.21. The stock’s fifty day simple moving average is $27.98 and its 200-day simple moving average is $25.35.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The business had revenue of $77.79 million for the quarter. On average, sell-side analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

A hedge fund recently raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. stock. Rhumbline Advisers grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,498 shares of the bank’s stock after buying an additional 2,089 shares during the period. Rhumbline Advisers owned approximately 0.13% of Banco Latinoamericano de Comercio Exterior, S. A. worth $986,000 as of its most recent SEC filing. 19.47% of the stock is owned by hedge funds and other institutional investors.

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 through two segments, Commercial and Treasury. It also 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.