Banco Santander Brasil SA (BSBR) to Distribute Quarterly Dividend of $0.08 on November 19th

Banco Santander Brasil SA (NYSE:BSBR) declared a quarterly dividend on Monday, October 12th. Investors of record on Thursday, October 22nd will be paid a dividend of $0.0804 per share by the bank on Thursday, November 19th. This represents a $0.32 annualized dividend and a yield of 5.8%. The ex-dividend date is Thursday, October 22nd. This is a 23.1% decrease from Banco Santander Brasil’s previous quarterly dividend of $0.1045.

Banco Santander Brasil has decreased its dividend by an average of 0.2% per year over the last three years. Banco Santander Brasil has a dividend payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Santander Brasil to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 24.1%.

Banco Santander Brasil Stock Down 1.0%

Shares of NYSE:BSBR opened at $5.53 on Tuesday. The business has a fifty day moving average of $5.77 and a 200-day moving average of $5.65. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56. Banco Santander Brasil has a twelve month low of $4.95 and a twelve month high of $7.32.

About Banco Santander Brasil

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. It provides banking and financial services to individuals, small and midsize businesses, corporate clients and institutional customers throughout Brazil.

The company’s offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, mortgages, payroll lending, insurance, investment products, foreign-exchange services, cash management and payment solutions.