Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Plans Quarterly Dividend of $0.50

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.50 per share by the bank on Tuesday, November 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Friday, November 8th.

Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend payment by an average of 4.1% per year over the last three years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Latinoamericano de Comercio Exterior, S. A. to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 39.2%.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 1.2 %

BLX traded down $0.38 on Wednesday, reaching $32.43. The company’s stock had a trading volume of 131,038 shares, compared to its average volume of 125,846. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.62 and a quick ratio of 1.62. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $21.69 and a 1 year high of $34.45. The business’s 50 day moving average is $31.98 and its 200 day moving average is $30.80. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 6.56 and a beta of 1.17.

About Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.