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

Banco Santander Brasil SA (NYSE:BSBR) declared 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 is Thursday, July 30th.

Banco Santander Brasil has decreased its dividend payment by an average of 0.2%annually over the last three years. Banco Santander Brasil has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. 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 $0.27 annual dividend with an expected future payout ratio of 28.4%.

Banco Santander Brasil Stock Up 2.9%

Shares of NYSE BSBR opened at $5.46 on Tuesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s 50-day simple moving average is $5.32 and its two-hundred day simple moving average is $5.92. Banco Santander Brasil has a twelve month low of $4.62 and a twelve month high of $7.32.

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.