Banco Santander Brasil SA (BSBR) To Go Ex-Dividend on July 30th

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Monday, July 20th. Investors 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 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% meaning its dividend is sufficiently covered by earnings. 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 0.7%

BSBR opened at $5.41 on Wednesday. Banco Santander Brasil has a fifty-two week low of $4.62 and a fifty-two week high of $7.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The company has a fifty day moving average of $5.32 and a two-hundred day moving average of $5.94.

About Banco Santander Brasil

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.