Banco Latinoamericano de Comerci Extr SA (BLX) Plans Quarterly Dividend of $0.39

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) declared a quarterly dividend on Wednesday, April 17th, NASDAQ reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.385 per share by the bank on Wednesday, May 15th. This represents a $1.54 annualized dividend and a yield of 7.35%. The ex-dividend date is Friday, April 26th.

Banco Latinoamericano de Comerci Extr has a dividend payout ratio of 81.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Banco Latinoamericano de Comerci Extr to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 67.8%.

Banco Latinoamericano de Comerci Extr stock traded up $0.08 during trading hours on Friday, hitting $20.96. The stock had a trading volume of 46,000 shares, compared to its average volume of 87,406. The company has a debt-to-equity ratio of 2.52, a quick ratio of 2.49 and a current ratio of 2.18. The stock has a market capitalization of $826.26 million, a PE ratio of 74.86 and a beta of 1.36. Banco Latinoamericano de Comerci Extr has a 12-month low of $15.31 and a 12-month high of $28.88.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Banco Latinoamericano de Comerci Extr had a net margin of 6.15% and a return on equity of 7.27%. The firm had revenue of $32.07 million during the quarter, compared to analysts’ expectations of $36.60 million. As a group, equities research analysts forecast that Banco Latinoamericano de Comerci Extr will post 2.1 EPS for the current fiscal year.

Several research analysts have recently weighed in on BLX shares. ValuEngine cut shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Thursday, January 10th. CIBC reissued a “buy” rating and set a $23.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a report on Tuesday, January 15th. BMO Capital Markets reissued an “average” rating and set a $22.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a report on Sunday, March 3rd. Finally, Raymond James reissued a “buy” rating and set a $25.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Banco Latinoamericano de Comerci Extr has an average rating of “Hold” and an average target price of $22.75.

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Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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Dividend History for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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