Banco Santander Brasil SA (NYSE:BSBR) to Issue Quarterly Dividend of $0.10

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Thursday, July 30th will be given a dividend of 0.1045 per share by the bank on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, July 30th.

Banco Santander Brasil has decreased its dividend by an average of 0.2%annually over the last three years. Banco Santander Brasil has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Santander Brasil to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.29 annual dividend with an expected future payout ratio of 30.5%.

Banco Santander Brasil Trading Up 0.8%

BSBR traded up $0.04 on Tuesday, hitting $5.42. 607,389 shares of the stock traded hands, compared to its average volume of 1,200,569. The business has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $5.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. Banco Santander Brasil has a 52 week low of $4.62 and a 52 week high of $7.32.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.