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No. of Recommendations: 2
Summary

Bladex is not often known and is overlooked due to its geographical region.

A hefty 5%+ dividend and potential growth ahead.

A couple of hiccups in Q1 is nothing to sell over.

Introduction

Banco Latinoamericano De Comercio Exterior (BLX) (more commonly known as Bladex) is certainly not a household name in the financial sector, but that does not mean investors should be ignoring it in favor of other investment opportunities. Bladex is a trade bank in Latin America, based out of Panama, which was created by central banks in the region as a trade finance bank. As a trade finance bank, BLX provides financing for importers and exporters via letters of credit and other banking and financial tools. Due to this, BLX does not have the usual retail customers you would associate with other banks and we'll review its track record, ability to maintain its dividend, and its outlook to justify BLX as a great, long-term dividend stock for investors.

Historical Performance

As many are aware, South America has been having a rough go of things lately with multiple countries including Brazil, Chile, and Colombia having both economic and political turmoil, while experiencing cratering energy prices to boot. So you may wonder how anyone would begin to invest in this region with any sense of security. Take a look at the book value and dividend of BLX since 2013, and you may be pleasantly surprised - even shocked - to see it has been cruising right along.


cont'd

https://seekingalpha.com/article/4077086-bladex-underfollowe...

Starrob
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