Banco Santander Brasil SA (NYSE:BSBR) Raises Dividend to $0.10 Per Share

Key Points

• Banco Santander Brasil SA has raised its quarterly dividend to $0.10 per share, a 50% increase from the previous $0.07, with a dividend yield of 7.7%.
• The dividend will be paid to stockholders of record on October 23rd, and the ex-dividend date is also on October 23rd.
• Despite the positive news on dividends, Banco Santander Brasil's stock experienced a slight decline of 0.5%, trading at $5.08.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) announced a quarterly dividend on Monday, October 13th. Stockholders of record on Thursday, October 23rd will be paid a dividend of 0.0983 per share by the bank on Monday, November 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, October 23rd. This is a 50.0% increase from Banco Santander Brasil's previous quarterly dividend of $0.07.

Banco Santander Brasil has a payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Santander Brasil to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 38.0%.

Banco Santander Brasil Stock Down 0.5%

Shares of BSBR traded down $0.03 on Tuesday, hitting $5.08. The company's stock had a trading volume of 517,748 shares, compared to its average volume of 634,403. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.28. The firm's fifty day moving average price is $5.24 and its 200-day moving average price is $5.12. Banco Santander Brasil has a fifty-two week low of $3.75 and a fifty-two week high of $5.65. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 0.63 and a beta of 0.80.

About Banco Santander Brasil

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.