Banco Santander, S.A. (NYSE:SAN) declared 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 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, January 30th. This is a boost from Banco Santander’s previous quarterly dividend of $0.07.

Banco Santander has decreased its dividend by an average of 33.7% annually over the last three years. Banco Santander has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities 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 (NYSE SAN) traded up $0.01 during trading on Tuesday, reaching $7.18. 5,176,914 shares of the company were exchanged, compared to its average volume of 4,642,102. The company has a market capitalization of $117,620.00, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. Banco Santander has a 12 month low of $5.24 and a 12 month high of $7.24. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.88.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ 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 for the quarter. equities research analysts predict that Banco Santander will post 0.55 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Banco Santander from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Goldman Sachs Group upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price target on the stock in a research report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Banco Santander has a consensus rating of “Buy” and an average target price of $13.15.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/16/banco-santander-s-a-san-to-issue-quarterly-dividend-of-0-07.html.

Banco Santander Company Profile

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)

Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.