This is Why Credicorp (BAP) is a Great Dividend Stock

Company Overview - Credicorp (BAP) is a Peruvian finance company based in La Molina, with a year-to-date share price change of 21.7% [2] - The company currently pays a dividend of $2.9 per share, resulting in a dividend yield of 5.09%, which is higher than the Banks - Foreign industry's yield of 4.03% and the S&P 500's yield of 1.5% [2] Dividend Performance - Credicorp's annualized dividend of $9.29 has increased by 37.1% compared to the previous year [2] - Over the past 5 years, the company has raised its dividend 4 times, achieving an average annual increase of 3.99% [2] - The current payout ratio for Credicorp is 56%, indicating that it pays out 56% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Credicorp's earnings per share for 2024 is $18.86, reflecting a year-over-year earnings growth rate of 15.63% [3] Investment Considerations - Credicorp is considered a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [4] - The company is positioned well for income investors, especially in contrast to tech start-ups or high-growth businesses that typically do not offer dividends [4]