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

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

Intercorp Financial Services has decreased its dividend payment by an average of 58.7% per year over the last three years. Intercorp Financial Services has a dividend payout ratio of 2.0% indicating that its dividend is sufficiently covered by earnings. Research 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 $0.10 annual dividend with an expected future payout ratio of 2.0%.

Intercorp Financial Services Price Performance

Shares of IFS stock traded up $0.66 during trading hours on Tuesday, hitting $33.79. 167,828 shares of the company’s stock were exchanged, compared to its average volume of 130,282. Intercorp Financial Services has a 52 week low of $20.56 and a 52 week high of $34.60. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.32 and a beta of 1.24. The stock’s 50-day moving average is $31.96 and its 200-day moving average is $29.23.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping 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%. Equities research analysts forecast that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

About Intercorp Financial Services

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.