Dividend Declaration
03 Februar 2006 - 6:29PM
UK Regulatory
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$38.1 Million)
PANAMA CITY, Feb. 3 -- 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, cyap@blx.com
Melanie Carpenter / Peter Majeski
i-advize Corporate Communications, Inc.
+1-212-406-3690
E-mail, bladex@i-advize.com
SOURCE Banco Latinoamericano de Exportaciones, S.A.
-0- 02/03/2006
/CONTACT: In Panama, Carlos Yap S., Senior Vice President, Finance,
Bladex, +011-507-210-8563, or cyap@blx.com; or in New York, Melanie Carpenter,
or Peter Majeski, both of i-advize Corporate Communications, Inc.,
+1-212-406-3690, or bladex@i-advize.com, for Bladex/
/Web site: http://www.blx.com /
(BLX)
END
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