Banco Santander (LON:BNC) Sets New 52-Week High - Here's Why

Banco Santander, S.A. (LON:BNC - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 598 ($8.01) and last traded at GBX 586 ($7.85), with a volume of 252587 shares changing hands. The stock had previously closed at GBX 579 ($7.75).

Banco Santander Stock Up 2.4%

The business's 50-day moving average price is GBX 526.56 and its 200-day moving average price is GBX 452.05. The firm has a market capitalization of £110.15 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 29th were given a dividend of €0.11 ($0.12) per share. The ex-dividend date of this dividend was Tuesday, April 29th. This is an increase from Banco Santander's previous dividend of $0.10. This represents a yield of 1.69%. Banco Santander's payout ratio is presently 26.64%.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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