Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Plans Quarterly Dividend of $0.69

Key Points

• Dividend announced: BLX declared a quarterly dividend of $0.6875 per share with an ex-dividend/record date of May 8 and payable on May 27, implying an annualized yield of about 4.8%.
• Dividend sustainability and trend: The payout ratio is 42.9%, indicating earnings coverage, and the bank has modestly increased its dividend (avg. 0.2%/yr over three years) with increases in each of the past two years.
• Recent results and valuation: BLX reported $1.31 EPS and $83.1M in revenue for the quarter, with a 14.85% ROE and 27.11% net margin; shares trade near $56.71 with a P/E of ~9.3 and a market cap of $2.11 billion.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) declared a quarterly dividend on Monday, April 27th. Investors of record on Friday, May 8th will be given a dividend of 0.6875 per share by the bank on Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, May 8th.

Banco Latinoamericano de Comercio Exterior has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Banco Latinoamericano de Comercio Exterior has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of BLX opened at $56.71 on Tuesday. The business's 50-day moving average is $51.45 and its two-hundred day moving average is $47.49. The company has a market capitalization of $2.11 billion, a P/E ratio of 9.28 and a beta of 0.82. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.62 and a current ratio of 1.62. Banco Latinoamericano de Comercio Exterior has a fifty-two week low of $37.88 and a fifty-two week high of $57.79.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The bank reported $1.31 earnings per share for the quarter. The company had revenue of $83.10 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.85% and a net margin of 27.11%.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.

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