BLADEX INCREASES COMMON STOCK QUARTERLY DIVIDEND

Rhea-AI Summary

Bladex increases common stock quarterly dividend to US$0.50 per share for the fourth quarter of 2023, payable on March 19, 2024. The bank, founded in 1979 to promote foreign trade, has 36,539,860.73 shares outstanding and operates in multiple countries.

Insights

Financial Analyst

Bladex's announcement of a quarterly cash dividend of US$0.50 per share is a significant indicator of the bank's financial health and its commitment to shareholder returns. Dividends are often a reflection of a company's confidence in its current profitability and future prospects. This decision by the Board of Directors to distribute a portion of earnings back to shareholders may be perceived positively by the market, potentially impacting the stock's attractiveness to income-focused investors.

Given the outstanding share count of 36,539,860.73, the total dividend payout amounts to approximately US$18.27 million. This substantial cash outflow must be supported by a strong balance sheet and reliable cash flow generation. Investors should assess Bladex's payout ratio in relation to its earnings to gauge sustainability. A payout ratio that aligns with or is lower than industry averages could be a sign of prudent financial management, whereas a significantly higher ratio might raise concerns over long-term dividend sustainability.

Market Research Analyst

The regional focus of Bladex on Latin America and the Caribbean, along with its shareholder structure that includes central and state-owned banks, suggests a unique market position that could influence its stability and growth trajectory. The bank's role in promoting foreign trade within the region could be a critical factor in its operational success, especially considering potential economic integration and trade agreements that might affect regional banking services.

Investors might also consider the geopolitical and economic climate of Latin America and the Caribbean when evaluating Bladex's performance. Factors such as currency fluctuation, regulatory changes and economic cycles in these countries could affect the bank's operations and, consequently, its ability to maintain dividend payouts. Understanding the bank's risk management strategies in these areas could provide deeper insights into its resilience against regional challenges.

PANAMA CITY, Feb. 22, 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 fourth quarter of 2023.

The cash dividend is payable March 19, 2024 to the Bank's stockholders as of March 4, 2024 record date.

As of December 31, 2023, Bladex had 36,539,860.73 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:https://www.prnewswire.com/news-releases/bladex-increases-common-stock-quarterly-dividend-302068139.html

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

FAQ

What is the quarterly cash dividend amount approved by Bladex for the fourth quarter of 2023?

Bladex approved a quarterly cash dividend of US$0.50 per share for the fourth quarter of 2023.

When is the cash dividend payable to Bladex stockholders?

The cash dividend is payable on March 19, 2024, to the Bank's stockholders as of March 4, 2024, record date.

How many shares did Bladex have outstanding as of December 31, 2023?

As of December 31, 2023, Bladex had 36,539,860.73 shares outstanding of all classes.

Where is Bladex headquartered and where does it have offices?

Bladex is headquartered in Panama and has offices in Argentina, Brazil, Colombia, Mexico, the United States of America, and a Representative License in Peru.

On which stock exchange is Bladex listed and since when?

Bladex is listed on the NYSE in the United States of America (NYSE: BLX) since 1992.