Banco Santander (LON:BNC) Shares Cross Above Fifty Day Moving Average – Here’s Why

Banco Santander, S.A. (LON:BNC)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 474.03 ($6.14) and traded as high as GBX 553 ($7.16). Banco Santander shares last traded at GBX 553 ($7.16), with a volume of 901,485 shares changing hands.

Banco Santander Trading Up 1.5 %

The business’s fifty day moving average price is GBX 474.03 and its 200-day moving average price is GBX 407.96. The company has a market capitalization of £101.50 billion, a P/E ratio of 8.67, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders 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 represents a yield of 1.69%. This is a positive change from Banco Santander’s previous dividend of $0.10. Banco Santander’s payout ratio is 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.