Banco Santander Stock To Go Ex-dividend Tomorrow (SAN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Banco Santander (NYSE: SAN) is tomorrow, October 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $7.46 as of 9:30 a.m. ET, the dividend yield is 8.6%.

The average volume for Banco Santander has been 5.4 million shares per day over the past 30 days. Banco Santander has a market cap of $70.2 billion and is part of the financial sector and banking industry. Shares are down 1.9% year to date as of the close of trading on Wednesday.

Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile.

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TheStreet Ratings rates Banco Santander as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and deteriorating net income. You can view the full Banco Santander Ratings Report.

See our dividend calendar or top-yielding stocks list.

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