Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Announces Dividend Increase – $0.69 Per Share

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) declared a quarterly dividend on Thursday, February 12th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.6875 per share by the bank on Thursday, March 12th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, February 25th. This is a 10.0% increase from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63.

Banco Latinoamericano de Comercio Exterior has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Banco Latinoamericano de Comercio Exterior has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Latinoamericano de Comercio Exterior to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 49.0%.

Banco Latinoamericano de Comercio Exterior Price Performance

Banco Latinoamericano de Comercio Exterior stock opened at $49.72 on Friday. The firm’s 50-day moving average is $45.73 and its two-hundred day moving average is $45.19. The stock has a market capitalization of $1.85 billion, a P/E ratio of 8.27 and a beta of 0.83. Banco Latinoamericano de Comercio Exterior has a 12-month low of $31.14 and a 12-month high of $51.00.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its earnings results on Thursday, February 12th. The bank reported $1.50 EPS for the quarter. The firm had revenue of $88.80 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 15.42%. As a group, analysts forecast that Banco Latinoamericano de Comercio Exterior will post 4.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Wall Street Zen lowered shares of Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.