Banco Santander (LON:BNC) Shares Cross Above 50-Day Moving Average – Here’s Why

Banco Santander, S.A. (LON:BNC)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 374.84 ($4.88) and traded as high as GBX 390.50 ($5.08). Banco Santander shares last traded at GBX 385.50 ($5.02), with a volume of 364,211 shares.

Banco Santander Stock Performance

The stock’s fifty day simple moving average is GBX 374.84 and its 200-day simple moving average is GBX 378.43. The stock has a market cap of £57.70 billion, a P/E ratio of 653.39, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 30th were given a dividend of €0.10 ($0.11) per share. The ex-dividend date was Wednesday, October 30th. This represents a yield of 2.2%. This is an increase from Banco Santander’s previous dividend of $0.10. Banco Santander’s dividend payout ratio is currently 2,881.36%.

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.