Credi (BAP) DIvidends Date & History

Key Takeaways

• BAP pays a dividend once per year, with a recent annualized payout of roughly $14.64 per share.
• The trailing dividend yield sits near 3.7%, above the median for financial-sector peers.
• Credicorp has raised its dividend for five consecutive years, reflecting rapid recent payout growth.
• The payout ratio of roughly 40% to 55% of trailing earnings leaves room for further increases.
• The dividend is best suited to income-oriented and dividend-growth investors comfortable with an annual, rather than quarterly, payment schedule.

Dividend Overview

Credicorp Ltd. (BAP) is a Peru-based financial services holding company whose operations span banking, insurance, pensions, and microfinance across Latin America. The company maintains a meaningful but not headline-grabbing dividend, distributing profits to shareholders once a year rather than quarterly. Its most recent dividend was approximately $14.64 per share, translating to a trailing yield of around 3.7%.

Credicorp is best characterized as a dividend-growth story with a moderate yield. The annual payment frequency is a distinctive feature: instead of the quarterly cadence common among U.S. banks, Credicorp declares a single dividend each spring, typically in April or May, and pays it in June. The most recent ex-dividend date was May 18, 2026, with payment made on June 12, 2026.

Dividend History and Growth

Credicorp has paid dividends since the mid-1990s, building a multi-decade record of returning capital to shareholders. Over the past several years the company has accelerated its distributions considerably. The trailing twelve-month payout rose more than 30% year over year, and the company has increased its dividend for five consecutive years.

The growth has been uneven rather than smooth, reflecting a flexible, earnings-linked payout policy common among Latin American financial institutions. In some years the company has supplemented its main annual dividend with additional distributions. Over the longer term, dividend growth has been robust, with five-year growth rates reported in the double digits. This trajectory signals management's willingness to share a growing portion of its expanding earnings with shareholders, even as the annual payment frequency makes the income stream less predictable for investors who prefer regular quarterly cash flow.

Dividend Sustainability and Payout Ratio

Credicorp's dividend appears broadly sustainable. Its payout ratio, depending on the measurement period, ranges from roughly 40% to about 55% of trailing earnings, a level generally considered manageable and below the 75% threshold that often raises caution. This leaves a comfortable buffer of retained earnings to fund growth and absorb cyclical downturns in the Latin American banking market.

Coverage is solid but not without nuance. Because the dividend is paid annually from earnings that can fluctuate year to year, the payout ratio has varied over time. The company also carries the normal leverage of a financial institution, meaning capital adequacy and regulatory requirements in its home market can influence how much it distributes. Overall, the moderate payout ratio, growing earnings, and management's record of steady increases support the view that the dividend is sustainable under current conditions.

Dividend Compared to Industry Peers

Within the financial sector, Credicorp's yield of roughly 3.7% compares favorably to the industry median, which typically falls in the 2.5% to 2.7% range. This places Credicorp above many large U.S. and global bank peers on a pure yield basis, while still below the highest-yielding regional or specialty financial names.

What distinguishes Credicorp is the combination of an above-average yield and rapid recent dividend growth, a pairing that is relatively uncommon. Many high-yield financial stocks grow their payouts slowly, while many fast growers offer low yields. Credicorp's blend of a competitive yield with a five-year streak of increases makes it a standout within its peer group for income-focused investors.

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Is This Stock Attractive for Dividend Investors?

Credicorp (BAP) may appeal primarily to dividend-growth and total-return investors who value a rising payout and are comfortable with an annual, rather than quarterly, distribution schedule. The five-year streak of increases and an above-average yield of around 3.7% make it a reasonable candidate for investors seeking a blend of current income and growth.

That said, the stock carries characteristics that may not suit every income investor. The once-a-year payment cadence means investors do not receive regular quarterly cash flow, and the payout can vary meaningfully from year to year based on annual earnings. As a Latin American financial conglomerate, Credicorp also exposes shareholders to currency, economic, and political risks in its home markets that can influence both earnings and distributions. Investors with a long-term horizon and tolerance for emerging-market volatility may find the dividend profile attractive, while those seeking steady, predictable quarterly income may prefer a different type of dividend stock.

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