Intercorp Financial Services Inc. (NYSE:IFS) to Issue Annual Dividend of $1.00

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) declared an annual dividend on Tuesday, April 1st, Wall Street Journal reports. Investors of record on Thursday, April 24th will be paid a dividend of 1.00 per share on Monday, May 5th. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th.

Intercorp Financial Services has decreased its dividend payment by an average of 58.7% annually over the last three years. Intercorp Financial Services has a dividend payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Intercorp Financial Services to earn $4.93 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.3%.

Intercorp Financial Services Stock Down 3.0 %

Shares of Intercorp Financial Services stock traded down $0.96 during mid-day trading on Friday, reaching $31.21. 274,477 shares of the stock traded hands, compared to its average volume of 130,113. The business has a 50-day moving average of $32.25 and a 200 day moving average of $29.43. The stock has a market capitalization of $3.57 billion, a PE ratio of 10.34, a PEG ratio of 0.32 and a beta of 1.18. Intercorp Financial Services has a fifty-two week low of $20.56 and a fifty-two week high of $34.60.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, equities research analysts expect that Intercorp Financial Services will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.