Banco Santander, S.A. (NYSE:SAN) to Issue Semi-Annual Dividend of $0.08

Banco Santander, S.A. (NYSE:SAN) declared a Semi-Annual dividend on Thursday, September 26th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.08 per share by the bank on Wednesday, November 6th. The ex-dividend date is Thursday, October 31st.

Banco Santander has a dividend payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Santander to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 23.3%.

Banco Santander Stock Performance

Shares of NYSE SAN traded down $0.03 during midday trading on Friday, reaching $5.14. The stock had a trading volume of 2,600,428 shares, compared to its average volume of 2,703,924. The firm has a market cap of $81.34 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. Banco Santander has a twelve month low of $3.52 and a twelve month high of $5.27. The company’s 50 day moving average price is $4.81 and its 200 day moving average price is $4.84.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The company had revenue of $16.87 billion for the quarter. Equities analysts forecast that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SAN shares. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Company Profile

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.