Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Declares $0.63 Quarterly Dividend

Key Points

• Banco Latinoamericano de Comercio Exterior, S.A. announced a quarterly dividend payment of $0.63 per share, with a yield of 6.2%, payable on September 3rd to shareholders of record as of August 15th.
• The company reported a net margin of 24.91% and a return on equity of 15.63%, indicating strong financial performance, with an expected annual earnings projection of $5.10 per share for the next year.
• Institutional investors have shown increased interest, with notable positions including a 36.8% increase by SBI Securities and a 4,087.0% increase by GAMMA Investing, indicating growing confidence in the bank's stock.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) announced a quarterly dividend on Monday, August 4th, RTT News reports. Investors of record on Friday, August 15th will be paid a dividend of 0.625 per share by the bank on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, August 15th.

Banco Latinoamericano de Comercio Exterior has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Latinoamericano de Comercio Exterior to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 49.0%.

Banco Latinoamericano de Comercio Exterior Stock Up 0.8%

Shares of BLX stock traded up $0.36 on Friday, hitting $42.81. 25,656 shares of the stock were exchanged, compared to its average volume of 126,301. The business has a 50-day moving average of $41.44 and a 200 day moving average of $39.40. Banco Latinoamericano de Comercio Exterior has a fifty-two week low of $28.15 and a fifty-two week high of $43.24. The firm has a market capitalization of $1.56 billion, a P/E ratio of 7.17 and a beta of 0.88. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.92.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The bank reported $1.73 EPS for the quarter. The company had revenue of $90.04 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.32% and a return on equity of 16.46%. Equities analysts anticipate that Banco Latinoamericano de Comercio Exterior will post 4.6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 21.9% during the second quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank's stock valued at $140,000 after purchasing an additional 626 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior in the second quarter valued at $25,000. Sterling Capital Management LLC grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock valued at $516,000 after buying an additional 779 shares during the last quarter. Ramirez Asset Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock worth $1,439,000 after acquiring an additional 6,020 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 4,087.0% in the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after acquiring an additional 25,830 shares during the last quarter. 19.47% of the stock is owned by institutional investors.

Banco Latinoamericano de Comercio Exterior Company Profile

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.