Banco Santander, S.A. (NYSE:SAN) announced a quarterly dividend on Tuesday, January 16th, Wall Street Journal reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.0722 per share by the bank on Thursday, February 8th. This represents a $0.29 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Tuesday, January 30th. This is a positive change from Banco Santander’s previous quarterly dividend of $0.07.

Banco Santander has decreased its dividend payment by an average of 33.7% per year over the last three years. Banco Santander has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Santander to earn $0.56 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 39.3%.

Shares of Banco Santander (SAN) opened at $7.42 on Thursday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $118,058.63, a P/E ratio of 16.13, a P/E/G ratio of 1.43 and a beta of 1.40. Banco Santander has a 12 month low of $5.24 and a 12 month high of $7.43.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Banco Santander had a net margin of 14.06% and a return on equity of 6.86%. The business had revenue of $14.39 billion during the quarter. research analysts predict that Banco Santander will post 0.55 EPS for the current year.

Several research analysts have commented on SAN shares. Goldman Sachs Group upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective for the company in a research report on Friday, November 24th. Zacks Investment Research downgraded shares of Banco Santander from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Banco Santander currently has a consensus rating of “Buy” and a consensus target price of $13.15.

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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.

Dividend History for Banco Santander (NYSE:SAN)

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