Banco Santander (LON:BNC) Hits New 1-Year High – Here’s Why

Banco Santander, S.A. (LON:BNC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 538 ($7.00) and last traded at GBX 538 ($7.00), with a volume of 671378 shares trading hands. The stock had previously closed at GBX 527 ($6.86).

Banco Santander Trading Down 0.4 %

The firm has a 50-day moving average of GBX 461.33 and a 200 day moving average of GBX 403.32. The company has a market cap of £100.40 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 29th will be given a dividend of €0.11 ($0.12) per share. This is a positive change 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.