Banco Santander (LON:BNC) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Banco Santander, S.A. (LON:BNC)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 489.60 ($6.36) and traded as high as GBX 533 ($6.92). Banco Santander shares last traded at GBX 528 ($6.86), with a volume of 157,463 shares traded.

Banco Santander Price Performance

The company has a market capitalization of £96.92 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. The business has a fifty day moving average price of GBX 489.60 and a 200 day moving average price of GBX 414.84.

Banco Santander Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 29th will be paid a dividend of €0.11 ($0.12) per share. The ex-dividend date is Tuesday, April 29th. This is a positive change from Banco Santander’s previous dividend of $0.10. This represents a dividend yield of 1.69%. Banco Santander’s dividend payout ratio (DPR) is currently 26.64%.

Banco Santander Company Profile

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.