Santander Consumer USA Holdings Inc. (NYSE: SC) is a consumer financial services business. It offers services including vehicle leasing, dealer loans, financial products for automotive and marine vehicles, and retail installment contracts. Headquartered in Dallas, Texas, the company has a reliable dividend stock and the potential to grow, with recent momentum behind it.
Santander’s sales growth hit a five-year high in the 2020 fiscal year, as did operating income growth. The company finished the year with sales growth of 6.30% and operating income growth of 75.53%. Analysts have been impressed with the efficient fiscal management of the company, and the stock has now exceeded its average price target of $27.90. There’s room for it to climb even higher, with the top analyst estimate predicting a price of $35.00.
The potential upside is reason enough to consider this stock, although there’s another major benefit for new investors to consider. Santander Consumer USA pays a dividend of $0.22 for a yield of 3.19% at today’s price. For both income and stock price growth, it’s hard to find a more compelling pick today.
- 1 Year Price Growth: 01%
- YTD Price Growth: 34%
- 3 Month Price Growth: 54%
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