Santander Consumer USA Holdings Inc. Declares Quarterly Dividend of $0.22 (NYSE:SC)

Santander Consumer USA Holdings Inc. (NYSE:SC) announced a quarterly dividend on Monday, May 3rd, reports. Shareholders of record on Monday, May 10th will be given a dividend of 0.22 per share by the financial services provider on Thursday, May 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, May 7th.

Santander Consumer USA has raised its dividend by 2,100.0% over the last three years and has raised its dividend every year for the last 1 years. Santander Consumer USA has a dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Santander Consumer USA to earn $2.30 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 38.3%.

SC stock opened at $34.20 on Tuesday. The company has a quick ratio of 59.10, a current ratio of 59.10 and a debt-to-equity ratio of 8.12. Santander Consumer USA has a fifty-two week low of $12.79 and a fifty-two week high of $34.70. The firm’s 50-day simple moving average is $29.17 and its 200 day simple moving average is $24.63. The stock has a market cap of $10.47 billion, a PE ratio of 20.12 and a beta of 1.15.

Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, April 28th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.97. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Santander Consumer USA had a return on equity of 9.54% and a net margin of 6.66%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. Equities analysts forecast that Santander Consumer USA will post 2.28 EPS for the current fiscal year.

In other news, insider Christopher Keith Pfirrman sold 15,277 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $25.79, for a total transaction of $393,993.83. Following the transaction, the insider now owns 39,531 shares of the company’s stock, valued at $1,019,504.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

A number of research analysts recently commented on SC shares. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday. Morgan Stanley upped their price objective on shares of Santander Consumer USA from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, April 29th. Piper Sandler upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $22.00 to $28.00 in a report on Thursday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Santander Consumer USA from $27.00 to $29.00 in a research note on Thursday, April 15th. Finally, Compass Point raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $34.00 in a report on Monday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Santander Consumer USA has a consensus rating of “Buy” and an average price target of $29.80.

About Santander Consumer USA

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. It offers vehicle financial products and services, including retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

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Dividend History for Santander Consumer USA (NYSE:SC)

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