Banco Santander (Brasil) S.A. Declares Dividend of $0.05 (NYSE:BSBR)

Banco Santander (Brasil) S.A. (NYSE:BSBR) declared a dividend on Thursday, April 17th, investing.com reports. Investors of record on Thursday, April 24th will be given a dividend of 0.0463 per share by the bank on Monday, May 19th. This represents a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Banco Santander (Brasil) has decreased its dividend by an average of 11.5% annually over the last three years. Banco Santander (Brasil) has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 $0.27 annual dividend with an expected future payout ratio of 38.0%.

Banco Santander (Brasil) Stock Performance

Shares of BSBR stock opened at $4.70 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a fifty-two week low of $3.75 and a fifty-two week high of $6.01. The company has a market capitalization of $17.48 billion, a P/E ratio of 5.80, a PEG ratio of 0.73 and a beta of 0.66. The stock has a 50 day moving average price of $4.61 and a two-hundred day moving average price of $4.51.

Analysts Set New Price Targets

Several brokerages have weighed in on BSBR. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and increased their price target for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th. StockNews.com cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

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.