Intercorp Financial Services Inc. (IFS) to Issue Annual Dividend of $1.00 on May 5th

Intercorp Financial Services Inc. (NYSE:IFS) declared an annual dividend on Tuesday, April 1st, Wall Street Journal reports. Investors of record on Thursday, April 24th will be paid a dividend of 1.00 per share on Monday, May 5th. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th.

Intercorp Financial Services has decreased its dividend payment by an average of 58.7% annually over the last three years. Intercorp Financial Services has a dividend payout ratio of 2.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Intercorp Financial Services to earn $4.93 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 2.0%.

Intercorp Financial Services Trading Down 0.6 %

Shares of NYSE IFS opened at $33.59 on Thursday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.32 and a beta of 1.24. The firm’s 50-day moving average price is $32.15 and its 200-day moving average price is $29.32. Intercorp Financial Services has a 1-year low of $20.56 and a 1-year high of $34.60.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. Equities research analysts forecast that Intercorp Financial Services will post 4.23 EPS for the current year.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.