BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR THIRD QUARTER 2024

Rhea-AI Summary

Banco Latinoamericano de Comercio Exterior (Bladex) has announced a quarterly cash dividend of US$0.50 per share for the third quarter of 2024. The dividend will be paid on November 26, 2024, to stockholders of record as of November 8, 2024. As of September 30, 2024, Bladex had 36,786,977.36 outstanding shares across all classes. The multinational bank, listed on the NYSE under the symbol BLX since 1992, operates throughout Latin America with offices in multiple countries and focuses on promoting foreign trade and economic integration in the region.

Positive

• Consistent dividend payment maintained at $0.50 per share
• Strong shareholder return policy through regular dividend distributions

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.50 per share represents a significant income stream for BLX shareholders, translating to an annualized dividend of $2.00 per share. With 36.8 million shares outstanding, this amounts to approximately $18.4 million in quarterly dividend distributions. The bank's consistent dividend policy suggests strong underlying financial health and commitment to shareholder returns.

The dividend yield, based on current market price, positions BLX competitively among regional banking peers. The payment schedule and record date provide clear timeline for investors to manage their positions. The multinational nature of the bank's ownership structure, including central banks and state-owned entities from 23 Latin American countries, provides unique stability and regional market access advantages.

PANAMA CITY, Oct. 29, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the third quarter of 2024.

The cash dividend is payable November 26, 2024 to the Bank's stockholders as of November 8, 2024 record date.

As of September 30, 2024, Bladex had 36,786,977.36 shares outstanding of all classes.

Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region.  The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing of its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing 23 Latin American countries, commercial banks and financial institutions, and institutional and retail investors through its public listing. 

For further information on Bladex, please access its website at www.bladex.com or contact:

Carlos Daniel Raad – Chief Investor Relations Officer E-mail address: craad@bladex.com / ir@bladex.com. Tel.: (+507) 366-4925 ext. 7925 Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este, Panama, Republic of Panama

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bladex-announces-quarterly-dividend-payment-for-third-quarter-2024-302290690.html

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

FAQ

What is Bladex's (BLX) dividend amount for Q3 2024?

Bladex (BLX) announced a quarterly cash dividend of US$0.50 per share for the third quarter of 2024.

When is Bladex's (BLX) Q3 2024 dividend payment date?

The dividend payment date is November 26, 2024, for stockholders of record as of November 8, 2024.

How many shares does Bladex (BLX) have outstanding as of September 2024?

As of September 30, 2024, Bladex had 36,786,977.36 shares outstanding across all classes.