Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Plans Quarterly Dividend of $0.69

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 7th will be paid a dividend of 0.6875 per share by the bank on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, August 7th.

Banco Latinoamericano de Comercio Exterior has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Banco Latinoamericano de Comercio Exterior has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Banco Latinoamericano de Comercio Exterior Stock Down 0.7%

Shares of NYSE BLX opened at $59.20 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52. Banco Latinoamericano de Comercio Exterior has a 1 year low of $38.41 and a 1 year high of $63.19. The stock’s 50-day simple moving average is $58.37 and its 200-day simple moving average is $53.20. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 9.83 and a beta of 0.79.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $1.77 EPS for the quarter. The firm had revenue of $98.90 million during the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.

About Banco Latinoamericano de Comercio Exterior

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.