Banco Latinoamericano de Comercio Exterior (BLX +1.44%), better and more conveniently known as Bladex, is maintaining its dividend policy. The lender has declared a payout of $0.30 per share of its stock for its Q1, to be paid on May 7 to shareholders of record as of April 29. This amount matches the company's previous disbursement, which has been paid in both of the preceding two quarters. Before that, Bladex dispensed $0.25 per share.
Since mid-2009, the company's quarterly payout has risen steadily, from $0.15 to the current level.
The dividend annualizes to $1.20 per share. That amount yields 5.3% at Bladex's most recent closing stock price of $22.71.
