Companhia de Saneamento Bsc DEDSP Declares Special Dividend of $0.30 (SBS)

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) announced a special dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.2999 per share by the utilities provider on Monday, July 8th. The ex-dividend date of this dividend is Tuesday, April 30th.

SBS opened at $10.53 on Wednesday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 9.66 and a beta of 0.93. Companhia de Saneamento Bsc DEDSP has a 52 week low of $5.58 and a 52 week high of $12.25. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last released its quarterly earnings data on Friday, March 29th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.27 by $0.31. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a return on equity of 14.81% and a net margin of 17.40%. On average, equities research analysts forecast that Companhia de Saneamento Bsc DEDSP will post 1.03 EPS for the current fiscal year.

Several research firms have commented on SBS. Zacks Investment Research upgraded Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Janney Montgomery Scott downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Citigroup downgraded Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, HSBC downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold”.

An institutional investor recently raised its position in Companhia de Saneamento Bsc DEDSP stock. Geode Capital Management LLC increased its holdings in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 70.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,303 shares of the utilities provider’s stock after buying an additional 108,533 shares during the quarter. Geode Capital Management LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Companhia de Saneamento Bsc DEDSP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Dividend History for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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