A Closer Look at Banco Santander, S.A. (ADR) (SAN)’s Dividend Potential

In my opinion, Banco Santander, S.A. (ADR) (NYSE:SAN) is a stock market selection worthy of serious consideration by income investors. Although the eurozone continues to create earnings uncertainty, the effect of bad loan provisions and writedowns has moderated significantly from recent years.

Elsewhere, its retail operations are starting to pick up the pace — customer deposits rose to more than 653 million years in January-March, up 4.2% from the fourth quarter — while I expect its wide operations across developing regions, particularly Latin America, to undergird stellar earnings growth and carry dividends higher. In my opinion Banco Santander, S.A. (ADR) (NYSE:SAN)’s plus-10% prospective dividend yield is too good to pass up on.

Woodford — head of U.K. Equities at Invesco Perpetual — has more than 30 years’ experience in the industry and boasts an exceptional track record when it comes to selecting stock market stars.

The article A Closer Look at Banco Santander’s Dividend Potential originally appeared on Fool.com is written by Royston Wild.

Royston does not own shares in Banco Santander. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.