Banco Santander, S.A. (SAN) Declares Quarterly Dividend of $0.06
Banco Santander, S.A. (NYSE:SAN) declared a quarterly dividend on Wednesday, April 19th. Shareholders of record on Friday, April 28th will be paid a dividend of 0.0588 per share by the bank on Friday, May 12th. This represents a $0.24 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, April 26th. This is a positive change from Banco Santander,’s previous quarterly dividend of $0.06.
Banco Santander, has decreased its dividend by an average of 35.2% per year over the last three years. Banco Santander, has a payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Santander, to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 38.8%.
Shares of Banco Santander, (NYSE:SAN) traded up 2.34% during trading on Friday, reaching $6.57. The company’s stock had a trading volume of 8,331,327 shares. The company has a market cap of $95.79 billion, a PE ratio of 14.34 and a beta of 1.67. The firm’s 50-day moving average is $6.34 and its 200 day moving average is $5.55. Banco Santander, has a 52-week low of $3.60 and a 52-week high of $6.99.
Several research firms have weighed in on SAN. Deutsche Bank AG reissued a “buy” rating on shares of Banco Santander, in a research note on Tuesday, March 14th. Citigroup Inc downgraded shares of Banco Santander, from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Banco Santander, in a research note on Thursday, April 20th. Kepler Capital Markets reissued a “buy” rating on shares of Banco Santander, in a research note on Wednesday, February 22nd. Finally, BNP Paribas downgraded shares of Banco Santander, from an “outperform” rating to an “underperform” rating in a research note on Thursday, February 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.13.
A hedge fund recently raised its stake in Banco Santander, stock. Geode Capital Management LLC increased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 17.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,546 shares of the bank’s stock after buying an additional 10,118 shares during the period. Geode Capital Management LLC’s holdings in Banco Santander, were worth $416,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.61% of the company’s stock.
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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