Banco Latinoamericano de Comercio Exterior (NYSE:BLX), 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.
Fool contributor Eric Volkman has no position in Bladex. The Motley Fool owns shares of Bladex. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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