Banco Santander (LON:BNC) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Banco Santander, S.A. (LON:BNC) shares passed 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 Trading Down 1.0 %

The company has a fifty day moving average price of GBX 500.60 and a two-hundred day moving average price of GBX 420.80. The firm has a market capitalization of £88.93 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

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

About Banco Santander

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.