Banco Latinoamericano De Exportaciones Stock To Go Ex-dividend Tomorrow (BLX)

NEW YORK ( TheStreet) -- The ex-dividend date for Banco Latinoamericano de Exportaciones (NYSE: BLX) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $16.36 as of 9:32 a.m. ET, the dividend yield is 4.8%.

The average volume for Banco Latinoamericano de Exportaciones has been 167,800 shares per day over the past 30 days. Banco Latinoamericano de Exportaciones has a market cap of $462.2 million and is part of the financial sector and banking industry. Shares are down 10% year to date as of the close of trading on Tuesday.

Banco Latinoamericano de Comercio Exterior, S.A., together with its subsidiaries, provides trade financing to commercial banks and corporations in Latin America. The company operates through three divisions: Commercial, Treasury, and Asset Management. The company has a P/E ratio of 8.3, below the average banking industry P/E ratio of 8.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Banco Latinoamericano de Exportaciones as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Banco Latinoamericano de Exportaciones Ratings Report.

See our dividend calendar or top-yielding stocks list.

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