Lender increases dividend payout to 50 cents per share
- Banco Latinoamericano de Comercio Exterior doubles its quarterly dividend
- Dividend payout increased from 25 cents to 50 cents per share
- New payout represents a yield of 8.1%
- Dividend will be paid on March 19
Banco Latinoamericano de Comercio Exterior announced that it is doubling its quarterly dividend. The lender’s board of directors approved an increase in the dividend payout from 25 cents to 50 cents per share. This new payout, which amounts to $2 per share annually, represents a yield of 8.1% based on the company’s latest closing price of $24.57 per share. Shareholders can expect to receive the dividend on March 19.
Factuality Level: 9
Factuality Justification: The article provides a straightforward report on Banco Latinoamericano de Comercio Exterior doubling its quarterly dividend, including details such as the new payout amount, annual yield, and payment date. There are no signs of irrelevant information, misleading content, sensationalism, redundancy, or opinionated statements. The information presented appears to be factual and objective.
Noise Level: 3
Noise Justification: The article provides clear and relevant information about Banco Latinoamericano de Comercio Exterior doubling its quarterly dividend. It stays on topic, supports its claims with data, and offers actionable insights for investors interested in the company’s dividend payout.
Financial Relevance: Yes
Financial Markets Impacted: Banco Latinoamericano de Comercio Exterior
Presence Of Extreme Event: No
Public Companies: Banco Latinoamericano de Comercio Exterior (BLX)
Key People: Sabela Ojea (Author)
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