Credicorp Ltd. (BAP) to Issue Annual Dividend of $2.91 on October 18th

Credicorp Ltd. (NYSE:BAP) announced an annual dividend on Tuesday, September 17th, Wall Street Journal reports. Investors of record on Monday, September 23rd will be given a dividend of 2.9084 per share by the bank on Friday, October 18th. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 23rd.

Credicorp has decreased its dividend by an average of 6.1% per year over the last three years. Credicorp has a dividend payout ratio of 44.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Credicorp to earn $21.22 per share next year, which means the company should continue to be able to cover its $9.29 annual dividend with an expected future payout ratio of 43.8%.

Credicorp Price Performance

NYSE BAP opened at $180.42 on Thursday. Credicorp has a fifty-two week low of $116.42 and a fifty-two week high of $181.45. The stock’s 50-day moving average is $170.35 and its two-hundred day moving average is $167.99. The firm has a market cap of $14.35 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. On average, analysts anticipate that Credicorp will post 18.81 earnings per share for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.