Greetings my fellow foxies, our featured stock is Banco Santander Central Hispano SA (ADR). Wow that was a lot to type let's just go with (NYSE: SAN). Or we could even go with the more amusing ticker of (STD) if you wanna go all old school.
Picked by rd80 on 8-21-12 with a price of $6.87, Caps has lowered the start price down to $6.32 for a stock gain of +15.38%. Let's say Russ had plunked down a grand, with the dividends paid and closing price of $7.29 thats $1,172 (all #'s rounded).
Considering all the turmoil of the daily soap opera that is known as the eurozone, that's a pretty decent return. Once again the safety net of a dividend allows you to block out the everyday noise.
About the company from yahoo-
Banco Santander, S.A. provides retail banking products and services for private customers, small and medium enterprises, and companies primarily in Brazil, Spain, the United Kingdom, Mexico, Portugal, Germany, Chile, Argentina, Poland, the United States, and internationally. It operates through three segments: Retail Banking, Global Wholesale Banking, and Asset Management and Insurance. The company offers various deposit products, such as demand and time deposits, and savings and current accounts; mortgages and personal loans; consumer finance; and telephone banking services, and online and mobile telephone banking services. It also engages in corporate banking, treasury, and investment banking activities; designs and manages mutual and pension funds, investment companies, and clients pension plans; manages real estate investment products; and offers trade finance and wholesale banking services. In addition, the company provides financial advice and asset management for high-net-worth clients; private equity for venture capital; protection and household savings insurance products; brokerage of securities; and credit and debit cards, as well as collection services and payment processing for merchants. As of December 31, 2012, it had 14,392 branches. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. in June 2007. Banco Santander, S.A. was founded in 1857 and is headquartered in Madrid, Spain.
Well that's all for this edition of the FoxForceJournal as always
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