Banco de Chile (BCH) to Issue Annual Dividend of $2.10 on April 3rd

Banco de Chile (NYSE:BCH) announced an annual dividend on Wednesday, March 5th, NASDAQ Dividends reports. Investors of record on Friday, March 21st will be paid a dividend of 2.1037 per share by the bank on Thursday, April 3rd. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, March 21st.

Banco de Chile has increased its dividend by an average of 42.1% annually over the last three years. Banco de Chile has a payout ratio of 89.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Banco de Chile to earn $2.41 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 87.1%.

Banco de Chile Stock Up 0.3 %

BCH opened at $28.41 on Wednesday. Banco de Chile has a one year low of $20.93 and a one year high of $28.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The stock has a market capitalization of $14.35 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 6.08 and a beta of 0.39. The business’s 50-day simple moving average is $25.49 and its 200-day simple moving average is $24.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. StockNews.com cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.