Banco Santander, S.A. (SAN) to Issue Dividend of $0.14 on November 5th

Banco Santander, S.A. (NYSE:SAN) declared a dividend on Thursday, October 1st. Shareholders of record on Friday, October 30th will be paid a dividend of $0.1439 per share by the bank on Thursday, November 5th. This represents a yield of 217.0%. The ex-dividend date of this dividend is Friday, October 30th.

Banco Santander has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Santander to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.8%.

Banco Santander Stock Up 0.7%

Shares of NYSE:SAN opened at $12.46 on Wednesday. The firm’s 50-day simple moving average is $14.06 and its 200-day simple moving average is $12.96. Banco Santander has a fifty-two week low of $9.94 and a fifty-two week high of $15.05.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $18.08 billion for the quarter, compared to analyst estimates of $18.14 billion. Equities research analysts expect that Banco Santander will post 1.20 EPS for the current fiscal year.

Banco Santander Company Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.