Banco Santander, S.A. (NYSE:san) declared a dividend on Wednesday, April 19th. Investors of record on Friday, April 28th will be given a dividend of 0.046 per share by the bank on Tuesday, May 9th. The ex-dividend date is Wednesday, April 26th. This is an increase from Banco Santander,’s previous dividend of $0.04.
Banco Santander, has decreased its dividend payment by an average of 35.2% per year over the last three years. Banco Santander, has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Santander, to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 34.7%.
Banco Santander, (NYSE:SAN) traded down 0.247% on Friday, reaching $6.055. 3,807,464 shares of the company traded hands. The stock has a market capitalization of $88.29 billion, a PE ratio of 13.984 and a beta of 1.67. Banco Santander, has a one year low of $3.60 and a one year high of $6.23. The firm has a 50 day moving average of $5.92 and a 200-day moving average of $5.25.
A number of equities research analysts recently commented on SAN shares. Banco Santander raised Banco Santander, from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 1st. Zacks Investment Research lowered Banco Santander, from a “hold” rating to a “sell” rating in a research report on Thursday, March 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Banco Santander, in a research report on Thursday, January 5th. Deutsche Bank AG reissued a “buy” rating on shares of Banco Santander, in a research report on Tuesday, March 14th. Finally, BNP Paribas lowered Banco Santander, from an “outperform” rating to an “underperform” rating in a research report on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Banco Santander, presently has a consensus rating of “Buy” and an average price target of $6.75.
About Banco Santander,
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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