Banco Santander (Brasil) S.A. Declares Quarterly Dividend of $0.07 (NYSE:BSBR)

Banco Santander (Brasil) S.A. (NYSE:BSBR) declared a quarterly dividend on Friday, October 11th, Wall Street Journal reports. Investors of record on Monday, October 21st will be paid a dividend of 0.0714 per share by the bank on Monday, November 18th. This represents a $0.29 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Monday, October 21st.

Banco Santander (Brasil) has raised its dividend payment by an average of 15.4% annually over the last three years. Banco Santander (Brasil) has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Santander (Brasil) to earn $0.82 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 23.2%.

Banco Santander (Brasil) Trading Up 0.2 %

BSBR stock opened at $5.11 on Friday. The firm’s 50-day moving average is $5.44 and its two-hundred day moving average is $5.32. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 0.32 and a beta of 1.04. Banco Santander has a 52 week low of $4.78 and a 52 week high of $6.66.

Banco Santander (Brasil) Company Profile

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.