Intercorp Financial Services Inc. (NYSE:IFS – Get Free Report) declared an annual dividend on Tuesday, April 1st, Wall Street Journal reports. Investors of record on Thursday, April 24th will be paid a dividend of 1.00 per share on Monday, May 5th. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th.
Intercorp Financial Services has decreased its dividend payment by an average of 58.7% annually over the last three years. Intercorp Financial Services has a dividend payout ratio of 2.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Intercorp Financial Services to earn $4.93 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 2.0%.
Intercorp Financial Services Stock Up 2.0 %
IFS traded up $0.66 during trading on Tuesday, reaching $33.79. 167,828 shares of the company’s stock were exchanged, compared to its average volume of 130,282. The company has a market capitalization of $3.87 billion, a P/E ratio of 11.19, a PEG ratio of 0.32 and a beta of 1.24. The business has a 50 day moving average price of $31.96 and a 200 day moving average price of $29.23. Intercorp Financial Services has a fifty-two week low of $20.56 and a fifty-two week high of $34.60.
About Intercorp Financial Services
Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.
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