Banco Santander (LON:BNC) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Banco Santander, S.A. (LON:BNC)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 474.03 ($6.14) and traded as high as GBX 553 ($7.16). Banco Santander shares last traded at GBX 553 ($7.16), with a volume of 901,485 shares changing hands.

Banco Santander Trading Down 1.5 %

The company’s 50-day moving average is GBX 479.90 and its two-hundred day moving average is GBX 410.37. The stock has a market capitalization of £98.75 billion, a P/E ratio of 8.43, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 29th will be issued a dividend of €0.11 ($0.12) per share. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a boost from Banco Santander’s previous dividend of $0.10. Banco Santander’s payout ratio is 26.64%.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.