Banco Santander (LON:BNC) Sets New 52-Week High – Still a Buy?

Banco Santander, S.A. (LON:BNC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 557 ($7.21) and last traded at GBX 552 ($7.15), with a volume of 327465 shares changing hands. The stock had previously closed at GBX 551 ($7.13).

Banco Santander Stock Performance

The business has a 50-day moving average of GBX 479.90 and a 200 day moving average of GBX 410.37. The stock has a market cap of £97.31 billion, a PE ratio of 8.31, a PEG ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 29th will be paid a dividend of €0.11 ($0.12) per share. This is an increase from Banco Santander’s previous dividend of $0.10. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a dividend yield of 1.69%. Banco Santander’s dividend payout ratio is presently 26.64%.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.