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

Banco Santander, S.A. (NYSE:SAN) announced a Semi-Annual dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.08 per share by the bank on Wednesday, November 6th. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, October 31st.

Banco Santander has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander to earn $0.89 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 24.7%.

Banco Santander Stock Up 1.1 %

Banco Santander stock opened at $4.98 on Tuesday. The business has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $4.88. The company has a market cap of $78.73 billion, a P/E ratio of 6.46, a P/E/G ratio of 0.43 and a beta of 1.14. Banco Santander has a 52-week low of $3.60 and a 52-week high of $5.27.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

About Banco Santander

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.