Banco Santander (LON:BNC) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Banco Santander, S.A. (LON:BNCGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 499.34 ($6.54) and traded as high as GBX 519 ($6.79). Banco Santander shares last traded at GBX 490.50 ($6.42), with a volume of 2,998,015 shares.

Banco Santander Stock Down 1.0 %

The firm has a market capitalization of £88.93 billion, a PE ratio of 7.59, a PEG ratio of 2.18 and a beta of 1.32. The stock has a 50-day moving average price of GBX 500.60 and a 200 day moving average price of GBX 420.80.

Banco Santander Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 29th will be issued a dividend of €0.11 ($0.13) per share. This represents a yield of 1.69%. This is an increase from Banco Santander’s previous dividend of $0.10. The ex-dividend date is Tuesday, April 29th. Banco Santander’s dividend payout ratio (DPR) is presently 26.64%.

Banco Santander Company Profile

(Get Free Report)

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

Further Reading

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