Banco Santander-Chile (BSAC) Increases Dividend to $0.96 Per Share
Banco Santander-Chile (NYSE:BSAC) announced an annual dividend on Friday, April 6th, NASDAQ reports. Shareholders of record on Thursday, April 19th will be given a dividend of 0.956 per share by the bank on Thursday, April 19th. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, April 18th. This is a boost from Banco Santander-Chile’s previous annual dividend of $0.69.
Banco Santander-Chile has raised its dividend by an average of 3.6% annually over the last three years. Banco Santander-Chile has a dividend payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Santander-Chile to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 36.2%.
NYSE BSAC opened at $34.73 on Tuesday. Banco Santander-Chile has a 12 month low of $23.16 and a 12 month high of $35.03. The stock has a market capitalization of $16,371.25, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.41 and a beta of 0.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.75 and a current ratio of 1.75.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, March 13th. ValuEngine upgraded Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank lowered Banco Santander-Chile to a “sell” rating and set a $32.00 target price on the stock. in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.60.
About Banco Santander-Chile
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
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