Credicorp Ltd. (BAP) to Issue Annual Dividend of $10.96 on June 13th

Credicorp Ltd. (NYSE:BAP) announced an annual dividend on Tuesday, May 13th, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be given a dividend of 10.9577 per share by the bank on Friday, June 13th. This represents a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 19th. This is a 276.8% increase from Credicorp’s previous annual dividend of $2.91.

Credicorp has increased its dividend by an average of 92.7% per year over the last three years and has raised its dividend every year for the last 3 years. Credicorp has a payout ratio of 38.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Credicorp to earn $24.39 per share next year, which means the company should continue to be able to cover its $9.29 annual dividend with an expected future payout ratio of 38.1%.

Credicorp Price Performance

Shares of NYSE:BAP opened at $207.09 on Thursday. Credicorp has a twelve month low of $153.27 and a twelve month high of $208.21. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market cap of $16.47 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company’s 50 day moving average is $190.24 and its 200 day moving average is $187.38.

Credicorp (NYSE:BAP) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. On average, sell-side analysts forecast that Credicorp will post 21.9 EPS for the current year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.