Banco Santander Brasil SA to Issue Quarterly Dividend of $0.03 (NYSE:BSBR)

Banco Santander Brasil SA (NYSE:BSBR) declared a quarterly dividend on Tuesday, December 30th. Investors of record on Friday, January 9th will be given a dividend of 0.0298 per share by the bank on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, January 9th.

Banco Santander Brasil has decreased its dividend payment by an average of 0.2%per year over the last three years. Banco Santander Brasil has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Santander Brasil to earn $0.71 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 38.0%.

Banco Santander Brasil Trading Up 0.9%

Shares of Banco Santander Brasil stock opened at $6.36 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.13. The stock’s fifty day moving average is $6.12 and its two-hundred day moving average is $5.52. Banco Santander Brasil has a 52 week low of $3.93 and a 52 week high of $6.59.

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.