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

NEW YORK ( TheStreet) -- The ex-dividend date for Banco Santander (NYSE: SAN) is tomorrow, July 10, 2013. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $6.70 as of 9:30 a.m. ET, the dividend yield is 9.4%.

The average volume for Banco Santander has been 6.9 million shares per day over the past 30 days. Banco Santander has a market cap of $70.48 billion and is part of the financial sector and banking industry. Shares are down 18% year to date as of the close of trading on Monday.

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.

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