Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Announces $0.63 Quarterly Dividend

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Monday, May 5th, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 0.625 per share by the bank on Tuesday, June 3rd. This represents a $2.50 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Friday, May 16th.

Banco Latinoamericano de Comercio Exterior, S. A. has increased its dividend by an average of 26.0% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Latinoamericano de Comercio Exterior, S. A. 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, S. A. Stock Up 0.2%

BLX stock opened at $40.92 on Wednesday. The company has a market cap of $1.50 billion, a P/E ratio of 7.48 and a beta of 0.87. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $27.37 and a 52 week high of $42.88. The company’s 50-day moving average price is $37.66 and its 200 day moving average price is $36.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings results on Monday, May 5th. The bank reported $1.40 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The company had revenue of $77.95 million during the quarter. On average, research analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Banco Latinoamericano de Comercio Exterior, S. A. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.