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

Banco Santander, S.A. (NYSE:SAN) announced 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 payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.6 %

Shares of Banco Santander stock traded down $0.03 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. Banco Santander has a 1 year low of $3.52 and a 1 year high of $5.27. The company has a market cap of $81.34 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. The business’s 50 day moving average is $4.81 and its two-hundred day moving average is $4.84.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $16.87 billion for the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. On average, equities analysts anticipate that Banco Santander will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of recent research reports. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. StockNews.com cut shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

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.