Panama-based supranational bank Banco Latinoamericano de Comercio Exterior announced yesterday its second-quarter dividend of $0.30 per share, the same rate it's paid for the past three quarters after raising the payout 20% from $0.25 per share.
The board of directors said the quarterly dividend is payable on Aug. 6 to the holders of record at the close of business on July 29. The bank, which was established by the central banks of Latin America and Caribbean countries to promote trade finance in the region, and goes by the acronym Bladex, has made quarterly payouts to investors since 2000.
The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 4.8% based on the closing price of Bladex's stock on July 17.
The article Bladex Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Bladex. The Motley Fool owns shares of Bladex. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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