Banco Santander’s Dividend Announcement
Banco Santander announced on February 19, 2024, that its board of directors had declared a regular semi-annual dividend of $0.10 per share ($0.19 annualized). This marked an increase from the previous dividend of $0.08 per share.
To be eligible for the dividend, shares must be acquired before the ex-dividend date of April 29, 2024. Shareholders as of April 30, 2024, will receive the payment on May 2, 2024.
At the current share price of $4.00, Banco Santander’s stock offers a dividend yield of 4.75%.
Fund Sentiment and Analyst Projections
Reportedly, 442 funds or institutions hold positions in Banco Santander, marking a 4.49% increase in the last quarter. The average portfolio weight dedicated to $BCDRF stands at 0.47%, exhibiting a 2.23% rise. Institutional share ownership has grown by 1.13% in the last three months to 1,808,389K shares.
Analyst price forecasts indicate an estimated 30.44% increase, with an average one-year target price of $5.22. Forecasts range from $3.75 to $8.67.
Insights into Shareholder Activity
Institutional activity reveals varying trends. Dodge & Cox International Stock Fund, for instance, reduced its holdings by 7.28%, whereas Vanguard Developed Markets Index Fund Admiral Shares increased its stakes by 99.79%.
Similarly, iShares Core MSCI EAFE ETF saw a modest increase of 1.83% in its holdings, and Fidelity Series International Value Fund downsized its position by 4.71%. Dodge & Cox Global Stock Fund also decreased its allocation by 20.10%.
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