Credicorp Ltd. (NYSE:BAP – Get Free Report) declared an annual dividend on Tuesday, September 17th, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be given a dividend of 2.9084 per share by the bank on Friday, October 18th. This represents a yield of 3.8%. The ex-dividend date is Monday, September 23rd.
Credicorp has decreased its dividend payment by an average of 6.1% per year over the last three years. Credicorp has a dividend payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Credicorp to earn $21.22 per share next year, which means the company should continue to be able to cover its $9.29 annual dividend with an expected future payout ratio of 43.8%.
Credicorp Trading Down 0.4 %
BAP opened at $179.40 on Friday. Credicorp has a twelve month low of $116.42 and a twelve month high of $182.82. The company has a fifty day moving average of $170.74 and a 200-day moving average of $168.13. The stock has a market cap of $14.27 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54.
About Credicorp
Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.
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