Bancolombia S.A. (NYSE:CIB) announced a quarterly dividend on Tuesday, June 8th, Wall Street Journal reports. Stockholders of record on Tuesday, June 29th will be paid a dividend of 0.072 per share by the bank on Monday, July 12th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, June 28th. This is an increase from Bancolombia’s previous quarterly dividend of $0.07.
Bancolombia has raised its dividend payment by 19.5% over the last three years.
Shares of Bancolombia stock opened at $31.28 on Thursday. Bancolombia has a 52-week low of $24.18 and a 52-week high of $42.00. The stock has a market cap of $7.52 billion, a PE ratio of 59.02 and a beta of 1.35. The firm has a fifty day simple moving average of $31.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.
Separately, Zacks Investment Research raised shares of Bancolombia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 6th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.00.
Bancolombia Company Profile
Bancolombia S. A. provides various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
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