Bladex (BLX) Lowers Quarterly Dividend 35.1% to $0.25; 9.7% Yield

Bladex (NYSE: BLX) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 35.1% decrease from the prior dividend of $0.385.

The dividend will be payable on May 13, 2020, to stockholders of record on April 27, 2020, with an ex-dividend date of April 24, 2020.

The annual yield on the dividend is 9.7 percent.

Mr. Jorge Salas, Bladex's Chief Executive Officer stated the following: "With this dividend, our Board sends a message of confidence and reassurance of the Bank´s solid financial position. We believe that strong levels of capitalization, coupled with ample and prudent liquidity management and sound asset quality, represent key foundations for the business we operate, in the context of the unprecedented global impact of COVID-19 pandemic outbreak. At the same time, under the current market conditions, we have taken prudent measures in managing the Bank, including the Board's decision to decrease the dividend for the first quarter of 2020 by 35%, which still represents a 54% payout with respect to quarterly earnings, and continues to offer an attractive return supporting the long-term interests of our shareholders."

For a dividend history and other dividend-related data on Bladex (BLX) click here.

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