Banco Santander Brasil SA (BSBR) To Go Ex-Dividend on October 22nd

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Monday, October 12th. Investors of record on Thursday, October 22nd will be given a dividend of $0.0804 per share by the bank on Thursday, November 19th. This represents a $0.32 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend 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 32.5% indicating that its dividend is sufficiently covered by earnings. Research 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 $0.27 annual dividend with an expected future payout ratio of 31.0%.

Banco Santander Brasil Price Performance

Shares of NYSE:BSBR opened at $5.75 on Wednesday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $5.65. Banco Santander Brasil has a 1-year low of $4.94 and a 1-year high of $7.32.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the bank serves individuals, small and midsize businesses, corporations, and institutional clients throughout Brazil.

The company provides retail and commercial banking services, including checking and savings accounts, consumer and business lending, credit and debit cards, mortgages, payment solutions, and digital banking. Its broader platform also includes corporate and investment banking, private banking, asset management, insurance, and other financial services.

Santander Brasil’s operations were built in part through the expansion of Banco Santander in Brazil and the acquisition of Banco do Estado de São Paulo (Banespa) in 2000.