Bladex Increases Quarterly Dividend From US$0.15 to US$0.1875 per Share and Declares Special Dividend of US$1.00 per Share (US$3
February 03 2006 - 12:14PM
PR Newswire (US)
PANAMA CITY, Feb. 3 /PRNewswire-FirstCall/ -- Banco Latinoamericano
de Exportaciones, S.A. (NYSE:BLX) ("Bladex" or "the Bank")
announced today that its Board of Directors declared a 25% increase
in the quarterly dividend, from US$0.15 per share to US$0.1875 per
share, which is the equivalent of an increase from US$0.60 per
share to US$0.75 per share, on an annual basis. In addition, the
Board declared a special cash dividend of US$1.00 per common share
(which, based on the number of shares outstanding as of January 31,
2006, amounts to US$38.1 million). Both the increased quarterly
dividend and special dividend are payable on April 6, 2006, to
shareholders of record as of March 24, 2006. As of January 31,
2006, Bladex had 38,096,775 shares of common stock of all classes
outstanding. The Bank's US$50 million three-year open market stock
repurchase plan, of which US$21.3 million has been utilized to
date, remains in effect. Jaime Rivera, Chief Executive Officer,
stated, "This action reflects the Bank's stronger operating
earnings capacity and follows our practice of returning capital,
beyond what is needed for growth and investments, to our
shareholders." Bladex will release its fourth quarter 2005 results
on Wednesday, February 15, 2006, and it will hold a conference call
to discuss these results, on Thursday, February 16, 2006.
Conference call details will follow. 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, 2005, over its 26 years of
operations, Bladex had disbursed accumulated credits of over US$135
billion. For further information, please access our web site on the
Internet at http://www.blx.com/ or contact: Carlos Yap S. Senior
Vice President, Finance Bladex +011-507-210-8563 E-mail, Melanie
Carpenter / Peter Majeski i-advize Corporate Communications, Inc.
+1-212-406-3690 E-mail, First Call Analyst: FCMN Contact:
pmajeski@i-advize.com DATASOURCE: Banco Latinoamericano de
Exportaciones, S.A. CONTACT: In Panama, Carlos Yap S., Senior Vice
President, Finance, Bladex, +011-507-210-8563, or ; or in New York,
Melanie Carpenter, or Peter Majeski, both of i-advize Corporate
Communications, Inc., +1-212-406-3690, or , for Bladex Web site:
http://www.blx.com/
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