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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 fourth quarter of 2024, representing a 5.2% dividend yield. The dividend is scheduled for payment on March 25, 2025, to shareholders of record as of March 10, 2025. According to InvestingPro, the bank has maintained dividend payments for 21 consecutive years, demonstrating its commitment to shareholder returns. The bank, with a diverse shareholder base including central and state-owned entities from 23 Latin American countries, has been a key player in promoting trade and economic integration in the region since its inception in 1979.
Bladex, headquartered in Panama, operates across multiple Latin American countries and maintains offices in Argentina, Brazil, Colombia, Mexico, the United States, and has a representative license in Peru. The bank’s strategic network supports its regional expansion and services its customer base, which spans financial institutions and corporations.
The announcement comes as the multinational bank reported having 36,790,818.86 shares outstanding as of December 31, 2024. Bladex has been listed on the New York Stock Exchange since 1992, reflecting its long-standing presence in the international financial markets.
Investors and interested parties seeking further information about Bladex and its financial activities can visit the bank’s website or reach out to Carlos Daniel Raad, Chief Investor Relations Officer.
The information provided in this article is based on a press release statement from Banco Latinoamericano de Comercio Exterior, S.A.
In other recent news, Banco Latinoamericano de Comercio Exterior, S.A. has experienced notable developments. BMO Capital Markets has adjusted its price target for the company, reducing it from $45.00 to $42.00, while maintaining an Outperform rating. This adjustment follows a challenging period attributed to negative fund flows in the renewables sector. Despite this, BMO’s analyst, Ben Pham, remains optimistic about the bank’s future, noting its growth prospects with 644 megawatts of projects under construction. The price target revision reflects the exclusion of 200MW of New York solar projects from BMO’s valuation model, pending results from the New York State Energy Research and Development Authority. Pham highlights that Banco Latinoamericano’s valuation is trading at a discount compared to its peers, suggesting potential for future valuation expansion. The bank’s self-funded balance sheet and Canadian Investment Tax Credits are also seen as strengths. These recent developments provide investors with key insights into the company’s current standing and future potential.
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