Intercorp Financial Services Inc. (IFS) To Go Ex-Dividend on April 24th

Intercorp Financial Services Inc. (NYSE:IFS) declared an annual dividend on Tuesday, March 31st. Shareholders of record on Friday, April 24th will be given a dividend of 1.80 per share on Tuesday, May 5th. This represents a dividend yield of 358.0%. The ex-dividend date of this dividend is Friday, April 24th. This is a 80.0% increase from Intercorp Financial Services’s previous annual dividend of $1.00.

Intercorp Financial Services has a payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Intercorp Financial Services to earn $6.09 per share next year, which means the company should continue to be able to cover its $1.71 annual dividend with an expected future payout ratio of 28.1%.

Intercorp Financial Services Trading Down 2.9%

NYSE IFS opened at $47.55 on Wednesday. The company has a fifty day simple moving average of $48.42 and a two-hundred day simple moving average of $44.88. The stock has a market cap of $5.28 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.39 and a beta of 0.85. Intercorp Financial Services has a 12-month low of $31.05 and a 12-month high of $53.00.

Institutional Trading of Intercorp Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in Intercorp Financial Services by 106.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after buying an additional 384 shares during the period. Blue Trust Inc. acquired a new stake in Intercorp Financial Services during the fourth quarter valued at $94,000. Centiva Capital LP acquired a new stake in Intercorp Financial Services during the third quarter valued at $216,000. SG Americas Securities LLC grew its position in Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after buying an additional 1,599 shares during the period. Finally, Pinnacle Associates Ltd. acquired a new stake in Intercorp Financial Services during the third quarter valued at $275,000.

About Intercorp Financial Services

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.