Banco Latinoamericano de Comercio Exterior, S. A. (BLX) to Issue Quarterly Dividend of $0.50 on November 26th

Posted by Doug Wharley on Nov 6th, 2024

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Free Report) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.50 per share by the bank on Tuesday, November 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Friday, November 8th.

Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend payment by an average of 4.1% per year 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. Research 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 $32.71 on Wednesday. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $22.93 and a 52 week high of $34.45. 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 company has a market capitalization of $1.20 billion, a PE ratio of 5.98 and a beta of 1.17. The company’s 50 day moving average price is $32.18 and its 200 day moving average price is $30.90.

About Banco Latinoamericano de Comercio Exterior, S. A.

(Get Free Report)

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.