Panama-based supranational bank Banco Latinoamericano de Comercio Exterior (NYSE:BLX) announced yesterday its third-quarter dividend of $0.30 per share, the same rate it's paid for the past four quarters after raising the payout 20% from $0.25 per share.
The board of directors said the quarterly dividend is payable on Oct. 28 to the holders of record at the close of business on Oct. 15. The bank, which was established by the central banks of Latin America and Caribbean countries to promote trade finance in the region, and goes by the acronym Bladex, has made quarterly payouts to investors since 2000.
The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 4.6% based on the closing price yesterday of Bladex's stock.
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