Bladex Declares Special Dividend of US$2.00 Per Share ($77.8 Million)
February 04 2005 - 5:21PM
PR Newswire (US)
Bladex Declares Special Dividend of US$2.00 Per Share ($77.8
Million) PANAMA CITY, Feb. 4 /PRNewswire-FirstCall/ -- Banco
Latinoamericano de Exportaciones, S.A. (NYSE:BLX) ("Bladex" or "the
Bank") announced today that its Board of Directors declared a
special cash dividend of US$2.00 per common share, or $77.8
million, payable on April 11, 2005, to shareholders of record as of
March 28, 2005, along with the quarterly common dividend. As of
January 31, 2005, Bladex had 38,897,079 shares of common stock of
all classes outstanding. The Bank's US$50 million three-year open
market stock repurchase plan, of which US$7.5 million has been
utilized to date, remains in effect. Jaime Rivera, Chief Executive
Officer, stated, "This decision is consistent with our view of
allocating capital to support the Bank's growth and providing for a
solid financial position, while looking after the interests of our
shareholders. The timing and amounts largely reflect the results
obtained in the management of our Argentine portfolio," Rivera
concluded. The Bank will release its fourth quarter 2004 results on
Tuesday, February 15, 2005, and it will hold a conference call to
discuss these results, on Wednesday, February 16, 2005. Bladex is a
supranational bank originally established by the Central Banks of
Latin American and Caribbean countries to promote trade finance in
the Region. Based in Panama, its shareholders include central banks
and state- owned entities in 23 countries in the Region, as well as
Latin American and international commercial banks and institutional
and retail investors. Through December 31, 2004, over its 25 years
of operations, Bladex had disbursed accumulated credits of over
US$129 billion. For further information, please access our web site
on the Internet at http://www.blx.com/ , or contact: BLADEX, Head
Office Calle 50 y Aquilino de la Guardia Panama, Republic of Panama
Attention: Carlos Yap S., Senior Vice President -- Finance Tel.:
+011-507-210-8581, E-mail: i-Advize Corporate Communications, Inc.,
80 Wall Street, Suite 515, New York, NY 10005 Attention: Melanie
Carpenter / Peter Majeski Tel.: (212) 406-3690, E-mail: DATASOURCE:
Banco Latinoamericano de Exportaciones, S.A. CONTACT: Carlos Yap
S., Senior Vice President, Finance, Banco Latinoamericano de
Exportaciones, +011-507-210-8581, or e-mail, ; or Melanie Carpenter
or Peter Majeski, both of i-advize, +1-212-406-3690, or e-mail, ,
for Banco Latinoamericano de Exportaciones Web site:
http://www.blx.com/
Copyright
Banco Latinoamericano de... (NYSE:BLX)
Historical Stock Chart
From May 2024 to Jun 2024
Banco Latinoamericano de... (NYSE:BLX)
Historical Stock Chart
From Jun 2023 to Jun 2024