I thought it was only the 4th also. My brokerage software confirms that the Nov of 2015 was in fact the 4th payment at 0.385 and the next will be the 5th. Maybe the company got confused like a lot of us too :),
Not trying to be argumentative, but this will be the 5th at 0.385
There was one in Nov 2015 that does not show in the historical prices when you select dividends.
BLX has raised the dividend for 5 years in a row. This dividend is only the 4th @ $.385. Look for a raise the next quarter.
Olin was brought to my attention today.
A 17% drop due to Q release.
It looks interesting, you might take a look.
They just acquired a piece of DOW.
They produce chemicals and about 15-20% of their business is Winchester firearms
They pay $.80/yr dividend have paid 357 conseq. Qs going back at least 10 years it has been .20/quarter
yield as of today's $13.7 price is 5.8%
I looked at 2 presentations about the merger and what the company will look like post merger.
There will also be some bonds that pay 9.75% and 10% interest, financing the acquisition.
I would suspect that today's glitch is due to merger pains.
The synergy savings ($200-300 Mil expected)will probably just pay off the debt, but when paid off they would have money for some much better dividend IMO.
I haven't read anything by analysts yet.
Bladex's Fourth Quarter and Full-Year 2015 Earnings Release will be distributed on Thursday, February 18, 2016 before the market open and will be available on the Bank's corporate website, along with the webcast presentation.
Date and time:
Friday, February 19, 2016
11:00 a.m. Eastern Time
With the uncertainty out there, the company probably wanted to be somewhat conservative. It might be different if the world's economy was cooking. I was thinking it an increase might not take place until next Q.
PANAMA CITY, Jan. 28, 2016 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) (BLX), announced today a quarterly cash dividend of US$0.385 per share corresponding to the fourth quarter 2015.
The cash dividend was approved today by the Board of Directors and is payable February 23, 2016 to the Bank's stockholders as of the February 10, 2016 record date.
I wonder if the high yield had something to do with keep the dividend the same.
Hoppefully next time, they have always been ultra conservative.
Yes, it has been a rough year. I hope you have the liquidity and perseverance to make it through but I am guessing you do. BLX has a few things going for it. There has been some positive political changes in the region. There have been a number of business deals announced recently. Maybe some of the countries in recession are ahead of us in the business cycle and will pull out soon. The price and dividend are good. My latest purchase was at 22.55.
It has been a rough year.
I am hanging in here looking forward to the annual report next month.
I am confidently hoping for good results.
The most resent ones have been good.
I hope to see a dividend increase.
If all falls into place, as I am saying, I see some nice price appreciation this year.
I see your divi post now. Thanks for the heads up! Maybe we will see a dividend increase this quarter or the next for sure. Hopefully, the market meltdown doesn't scare them into holding onto more cash.
My thinking was....buy shares...good news with earnings and new ships coming every few months....collect a couple of dividends and see the price appreciate 10% in 6 months...then watch closely about keeping or selling.
With these big drops it is hard to think that good news will bring them up to former levels...plus the over all markets STINKS and that does not help.
I am starting to understand why people were jumping out windows in 1929. haha
Did you see my post info about the BLX dividend from investor relations on an email yesterday?
Well, so much for either shipper. The downgrade on the oil tankers hit everyone hard. In fact, the downgrade did not include product tankers (refined products) of which TNP has a number of ships too so they were not specifically downgraded. That did not stop the share price from plummeting. In fact, earlier it was down more than DHT. I averaged down a little today but my patience is wearing thin.
Thank you! You too.
This is the reply to an email to company about the dividend...
Thank you very much for your email. Regarding the declaration of the 4th quarter dividends, the members of the Bladex Board of Directors have decided to revert to its original practice of declaring dividends on the basis of final and approved financial statements for the period during the month of February of 2016.
If you have any additional concerns, please do not hesitate to contact me.