Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Free Report) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid 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 6.03%. The ex-dividend date is Monday, April 22nd. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.
Banco Santander (Brasil) has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Santander (Brasil) to earn $0.74 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 44.6%.
Banco Santander (Brasil) Stock Up 2.5 %
Shares of NYSE:BSBR opened at $5.25 on Friday. Banco Santander has a 12-month low of $4.93 and a 12-month high of $6.66. The business has a 50 day moving average of $5.63 and a two-hundred day moving average of $5.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26.
Institutional Inflows and Outflows
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.
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