Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Shareholders Set to Receive $0.69 Quarterly Dividend

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.6875 per share by the bank on Tuesday, November 24th. This represents a $2.75 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, November 6th.

Banco Latinoamericano de Comercio Exterior has raised its dividend by an average of 0.2% annually 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% indicating that its dividend is sufficiently covered by earnings.

Banco Latinoamericano de Comercio Exterior Stock Down 1.2%

Shares of NYSE:BLX opened at $53.27 on Tuesday. Banco Latinoamericano de Comercio Exterior has a 52-week low of $38.41 and a 52-week high of $63.19. The stock has a market cap of $1.98 billion, a P/E ratio of 8.79 and a beta of 0.80. The business has a fifty day moving average of $54.71 and a two-hundred day moving average of $53.86. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.36.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings results on Monday, October 26th. The bank reported $1.48 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.77% and a net margin of 27.77%. The business had revenue of $99.12 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a multilateral bank that supports international trade and economic integration across Latin America and the Caribbean. Headquartered in Panama, the bank provides financing and related services to financial institutions, corporations and other eligible counterparties engaged in regional and international commerce.

Bladex offers trade finance, commercial lending, structured financing, letters of credit, guarantees and treasury-related services.