TSX runs higher on rate cut expectations
PANAMA CITY - Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX), known as Bladex, has declared a quarterly cash dividend of $0.625 per share for the first quarter of 2025, maintaining its impressive 22-year streak of consecutive dividend payments. The dividend, which represents a 6.34% yield, is scheduled to be paid on June 3, 2025, to shareholders of record as of May 16, 2025. According to InvestingPro, the bank has shown strong dividend growth, with a 150% increase in the last twelve months.
The announcement follows the company’s disclosure of its share count, revealing a total of 37,154,366.86 shares outstanding as of March 31, 2025. With a market capitalization of $1.46 billion and a P/E ratio of 7.04, this multinational banking institution demonstrates strong value metrics. Headquartered in Panama and established in 1979 by the central banks of Latin American and Caribbean countries, it focuses on bolstering foreign trade and economic integration within the region. InvestingPro analysis reveals the bank maintains a GOOD financial health score, with particularly strong momentum in recent months.
Bladex, which has been listed on the New York Stock Exchange since 1992, maintains a diverse shareholder base that includes central and state-owned banks from 23 Latin American countries, commercial banks, financial institutions, and institutional and retail investors through its public listing.
The bank operates with a network of offices across Argentina, Brazil, Colombia, Mexico, the United States, and holds a representative license in Peru, aiming to support regional growth and serve its extensive customer base, comprising financial institutions and corporations.
This dividend declaration is part of the bank’s commitment to providing value to its shareholders and reflects its financial performance and strategic initiatives. The stock has delivered impressive returns, gaining 36% over the past year. For deeper insights into Bladex’s financial health and growth prospects, investors can access comprehensive analysis through the InvestingPro Research Report, which is part of the platform’s coverage of over 1,400 US-listed companies.
The information presented in this article is based on a press release statement from Banco Latinoamericano de Comercio Exterior, S.A. (Bladex).
In other recent news, Bladex reported its fourth-quarter earnings for 2024, exceeding analysts’ expectations. The company announced an earnings per share of $1.40, surpassing the projected $1.07, and revenue of $78.4 million, which was well above the anticipated $54.84 million. Bladex achieved a record annual net income of $206 million, a 24% increase from the previous year, and improved its return on equity to 16.2%. The company also reported a rise in net interest income by 11%, reaching $259 million. Bladex is advancing its trade finance platform, which is now 56% complete, with a launch expected in the second half of 2025. Additionally, Bladex is investing in technological platforms to enhance its product offerings. The company projects a commercial portfolio growth of 10-12% in 2025 and average deposit growth of 15-17%. Lastly, Bladex’s strategic initiatives have resulted in a significant increase in deposits and a strong performance in fee-based revenue.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.