Does a 6% annual dividend interest anyone? It is paid monthly, usually on about the 20th of each month.
CIB is the largest bank in Colombia as a result of its recent merger with Banco de Colombia. The ADR's represent (4 or 5, I can't remember) preferred shares. Earnings estimates are provided by both Zacks and First Call. Notice its modest valuation when compared with the other Colombian Bank ADRs traded on the NYSE (Banco Ganadero NYSE:BGA).
For more info on Colombia check the Reuters news wire, available on AOL. With a 6% dividend one can afford to wait a bit for a rise up. Their home page is in Spanish...... but here is the URL:
bic.com.co
Check it out, I'll post additional information later. |
