Credicorp Ltd. Declares Annual Dividend of $2.91 (NYSE:BAP)

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

Credicorp has decreased its dividend payment 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. Equities 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

Shares of NYSE BAP opened at $175.23 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp has a twelve month low of $116.42 and a twelve month high of $180.21. The stock has a 50 day moving average of $170.13 and a two-hundred day moving average of $167.90. The stock has a market cap of $13.94 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.59 and a beta of 1.14.

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