Companhia de Saneamento Básico do Estado de São Paulo – SABESP (SBS) to Issue Annual Dividend of $0.28 on July 5th

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) announced an annual dividend on Thursday, April 18th, Wall Street Journal reports. Investors of record on Monday, April 29th will be given a dividend of 0.2808 per share by the utilities provider on Friday, July 5th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Companhia de Saneamento Básico do Estado de São Paulo – SABESP to earn $1.19 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 22.7%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 1.6 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $15.49 on Friday. The business has a 50 day moving average price of $16.02 and a two-hundred day moving average price of $14.64. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $8.75 and a 12 month high of $17.14. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.83 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SBS. Tower Research Capital LLC TRC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at $36,000. Captrust Financial Advisors raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 79.0% in the first quarter. Captrust Financial Advisors now owns 5,068 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 2,237 shares in the last quarter. Trium Capital LLP bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the first quarter worth about $76,000. ExodusPoint Capital Management LP acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the second quarter valued at approximately $83,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 12.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,841 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 953 shares during the period. 10.62% of the stock is owned by institutional investors.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.