BLX stock dividend – Banco Latinoamericano de Comercio Exterior SA Announces 0.25 Cash Dividend

Dividends Yield

On March 1 2023, Banco Latinoamericano de Comercio Exterior SA (BANCO LATINOAMERICANO DE COMERCIO EXTERIOR ($NYSE:BLX)) announced a 0.25 cash dividend. This dividend is offered to shareholders of the company, providing them with a return on their investment. If you’re looking for stocks with a high dividend yield, BANCO LATINOAMERICANO DE COMERCIO EXTERIOR is an option worth considering. Over the past three years, the company has issued annual dividends per share of 1.0, 1.0 and 1.14 USD, with dividend yields of 6.35%, 6.08% and 8.03%, respectively.

The average dividend yield is 6.82%, with the next ex-dividend date on March 9 2023. These figures suggest that BANCO LATINOAMERICANO DE COMERCIO EXTERIOR is an attractive investment opportunity for those who are looking for stocks that provide a solid return on their investment. With the new dividend announcement, shareholders can have confidence that their investments are not going to be overlooked and the company will continue to reward shareholders for their loyalty.

Price History

The announcement was well received by the market, with BLX stock opening the day at $18.4 and closing at $18.8, representing a 2.9% increase from the prior closing price of $18.3. The board of directors approved the dividend to be paid to all shareholders of record on August 7, 2020. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for BLX. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for BLX. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BLX. More…

Key Ratios Snapshot

Some of the financial key ratios for BLX are shown below. More…

Analysis – BLX Intrinsic Value

As GoodWhale, we have conducted an analysis of BANCO LATINOAMERICANO DE COMERCIO EXTERIOR’s financials to estimate its fair value. Our proprietary Valuation Line estimates the fair value of BANCO LATINOAMERICANO DE COMERCIO EXTERIOR’s share to be approximately $19.8. However, currently BANCO LATINOAMERICANO DE COMERCIO EXTERIOR’s stock is trading at $18.8, which is undervalued by 4.8%. More…

Peers

The company has a strong presence in key markets such as Brazil, Mexico, and Argentina. The company’s main competitors are Dongguan Rural Commercial Bank Co Ltd, USCB Financial Holdings Inc, First Financial Bankshares Inc.

– Dongguan Rural Commercial Bank Co Ltd ($SEHK:09889)

Dongguan Rural Commercial Bank Co Ltd is a commercial bank in China with a market capitalization of $49.74 billion as of 2022. The bank offers a range of banking products and services to corporate and individual customers including loans, deposits, credit cards, and foreign exchange services. It also has a wide network of branches and ATMs across China.

– USCB Financial Holdings Inc ($NASDAQ:USCB)

USCB Financial Holdings Inc is a bank holding company. The Company’s principal business is the ownership and operation of its subsidiary bank, United Security Bank (the Bank). The Bank offers a range of banking services to individuals, businesses and industries located in Central California. These services include personal banking, business banking, and agricultural banking services. The Bank provides a range of loan products, including real estate loans, home equity loans, commercial loans, agricultural loans and consumer loans. The Bank also offers a range of deposit products, such as checking accounts, savings accounts, money market accounts and certificates of deposit.

– First Financial Bankshares Inc ($NASDAQ:FFIN)

First Financial Bankshares Inc is a bank holding company with assets of over $5 billion. The company operates more than 125 banking locations across Texas, Oklahoma, and New Mexico. First Financial offers a full range of banking services to individuals and businesses, including checking and savings accounts, loans, and credit cards. The company also provides investment, wealth management, and trust services.

Summary

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR is an attractive stock for those looking for a high dividend yield. It has consistently paid out dividends of 1.0 and 1.14 USD per share over the past three years, with respective dividend yields of 6.35%, 6.08% and 8.03%. Its strong dividend payments make BANCO LATINOAMERICANO DE COMERCIO EXTERIOR an attractive choice for investors seeking consistent income and steady returns. Further analysis is recommended to determine if BANCO LATINOAMERICANO DE COMERCIO EXTERIOR is the right stock for your portfolio.