Santander Consumer USA Holdings Inc (NYSE:SC) announced a quarterly dividend on Wednesday, October 31st, NASDAQ reports. Stockholders of record on Saturday, November 10th will be paid a dividend of 0.20 per share by the financial services provider on Thursday, November 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, November 8th.
Santander Consumer USA has decreased its dividend by an average of 41.5% annually over the last three years. Santander Consumer USA has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Santander Consumer USA to earn $2.62 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.5%.
Shares of Santander Consumer USA stock opened at $18.60 on Friday. Santander Consumer USA has a 12-month low of $15.55 and a 12-month high of $21.81. The stock has a market capitalization of $6.78 billion, a PE ratio of 7.50, a PEG ratio of 0.50 and a beta of 1.08.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Santander Consumer USA had a net margin of 20.54% and a return on equity of 13.44%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. As a group, research analysts predict that Santander Consumer USA will post 2.58 EPS for the current year.
SC has been the topic of several research reports. ValuEngine downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Oppenheimer reiterated a “hold” rating on shares of Santander Consumer USA in a report on Wednesday. Zacks Investment Research upgraded shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Susquehanna Bancshares set a $26.00 target price on shares of Santander Consumer USA and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Barclays boosted their target price on shares of Santander Consumer USA from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.79.
About Santander Consumer USA
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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