Banco Latinoamericano de Comerci Extr SA (BLX) Announces Quarterly Dividend of $0.39

Share on StockTwits

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) announced a quarterly dividend on Tuesday, October 23rd, NASDAQ reports. Shareholders of record on Tuesday, November 6th will be paid a dividend of 0.385 per share by the bank on Tuesday, November 20th. This represents a $1.54 dividend on an annualized basis and a yield of 9.35%. The ex-dividend date is Monday, November 5th.

Banco Latinoamericano de Comerci Extr has raised its dividend payment by an average of 3.2% per year over the last three years. Banco Latinoamericano de Comerci Extr has a payout ratio of 81.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Banco Latinoamericano de Comerci Extr to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 75.9%.

Shares of NYSE:BLX opened at $16.47 on Wednesday. Banco Latinoamericano de Comerci Extr has a fifty-two week low of $15.31 and a fifty-two week high of $30.50. The firm has a market capitalization of $627.48 million, a price-to-earnings ratio of 7.92 and a beta of 1.44. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.12.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its earnings results on Thursday, October 25th. The bank reported ($1.03) EPS for the quarter, missing the consensus estimate of $0.50 by ($1.53). The business had revenue of $29.70 million for the quarter, compared to the consensus estimate of $36.59 million. Banco Latinoamericano de Comerci Extr had a return on equity of 6.80% and a net margin of 4.29%. As a group, research analysts predict that Banco Latinoamericano de Comerci Extr will post 0.18 EPS for the current fiscal year.

Several brokerages have recently commented on BLX. JPMorgan Chase & Co. cut Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “hold” rating in a report on Monday, August 13th. Finally, ValuEngine cut Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th.

Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, 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 offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

Read More: Leveraged Buyout (LBO)

Dividend History for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

Receive News & Ratings for Banco Latinoamericano de Comerci Extr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comerci Extr and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply