Banco Santander (Brasil) S.A. (NYSE:BSBR) to Issue Dividend Increase - $0.08 Per Share

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.0792 per share by the bank on Tuesday, May 28th. This represents a $0.32 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Monday, April 22nd. This is a positive change from Banco Santander (Brasil)'s previous quarterly dividend of $0.06.

Banco Santander (Brasil) has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander (Brasil) to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 44.0%.

Banco Santander (Brasil) Trading Down 1.2 %

NYSE BSBR traded down $0.06 during trading on Friday, reaching $5.33. 451,659 shares of the company traded hands, compared to its average volume of 581,212. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $5.70 and its two-hundred day moving average price is $5.85. Banco Santander has a 1-year low of $4.93 and a 1-year high of $6.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in shares of Banco Santander (Brasil) by 666.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,882 shares of the bank's stock worth $25,000 after acquiring an additional 4,245 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Banco Santander (Brasil) in the 2nd quarter worth approximately $26,000. Wells Fargo & Company MN acquired a new position in shares of Banco Santander (Brasil) in the 2nd quarter worth approximately $39,000. Royal Bank of Canada lifted its holdings in Banco Santander (Brasil) by 12,833.3% during the 3rd quarter. Royal Bank of Canada now owns 7,760 shares of the bank's stock worth $43,000 after buying an additional 7,700 shares in the last quarter. Finally, AlphaQ Advisors LLC acquired a new position in Banco Santander (Brasil) during the 4th quarter worth $64,000. 14.53% of the stock is owned by institutional investors and hedge funds.

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.