Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Announces Special Dividend of $0.48

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) announced a special dividend on Friday, December 19th. Investors of record on Monday, December 29th will be given a dividend of 0.4772 per share by the utilities provider on Monday, May 11th. The ex-dividend date is Monday, December 29th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has decreased its dividend payment by an average of 0.2%annually over the last three years. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a payout ratio of 41.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 64.6%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

NYSE SBS opened at $25.22 on Friday. The stock has a market capitalization of $17.23 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.80 and a beta of 0.80. The stock has a 50-day moving average of $25.34 and a 200 day moving average of $23.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $14.04 and a twelve month high of $27.25.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s stock is going to split on Monday, December 29th. The 1.02964697 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Sunday, December 28th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Sell-side analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBS has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.