Banco Santander Brasil SA (NYSE:BSBR) Plans $0.10 Special Dividend

Banco Santander Brasil SA (NYSE:BSBR) announced a special dividend on Monday, January 12th. Investors of record on Thursday, January 22nd will be given a dividend of 0.1001 per share by the bank on Wednesday, February 18th. The ex-dividend date is Thursday, January 22nd.

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 dividend payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.08 annual dividend with an expected future payout ratio of 11.3%.

Banco Santander Brasil Price Performance

NYSE:BSBR traded down $0.07 during midday trading on Tuesday, reaching $6.24. The stock had a trading volume of 481,099 shares, compared to its average volume of 499,133. Banco Santander Brasil has a 1-year low of $3.98 and a 1-year high of $6.59. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $5.55.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Santander Brasil in a research report on Monday, December 29th. Wall Street Zen upgraded Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, The Goldman Sachs Group cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.70.

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.