Credicorp (NYSE:BAP) declared a dividend on Wednesday, February 28th, Fidelity reports. Stockholders of record on Wednesday, April 18th will be paid a dividend of 14.1726 per share by the bank on Friday, May 11th. The ex-dividend date is Tuesday, April 17th.
Credicorp has raised its dividend payment by an average of 145.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Credicorp has a dividend payout ratio of 110.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Credicorp to earn $17.85 per share next year, which means the company should continue to be able to cover its $15.70 annual dividend with an expected future payout ratio of 88.0%.
Shares of BAP stock traded down $2.20 during mid-day trading on Thursday, reaching $234.01. The stock had a trading volume of 233,822 shares, compared to its average volume of 260,320. Credicorp has a 12-month low of $150.71 and a 12-month high of $239.54. The stock has a market cap of $18,910.54, a P/E ratio of 15.01, a P/E/G ratio of 1.28 and a beta of 0.85. The company has a quick ratio of 1.22, a current ratio of 1.11 and a debt-to-equity ratio of 0.73.
BAP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $244.00 price target for the company in a research report on Friday, March 23rd. ValuEngine upgraded Credicorp from a “hold” rating to a “buy” rating in a research report on Tuesday, March 13th. Finally, Citigroup upgraded Credicorp from a “neutral” rating to a “buy” rating in a research report on Thursday, April 5th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Credicorp has an average rating of “Buy” and an average target price of $231.50.
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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