Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Announces Special Dividend of $0.48

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) declared a special dividend on Friday, December 19th. Investors of record on Monday, December 29th will be paid a dividend of 0.4772 per share by the utilities provider on Monday, May 11th. The ex-dividend date is Monday, December 29th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has decreased its dividend by an average of 0.2%per year over the last three years. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a dividend payout ratio of 41.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 64.6%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.4%

SBS opened at $25.22 on Friday. The business’s fifty day simple moving average is $25.34 and its 200 day simple moving average is $23.04. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $14.04 and a 52 week high of $27.25. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market cap of $17.23 billion, a PE ratio of 13.56, a P/E/G ratio of 3.80 and a beta of 0.80.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp are scheduled to split on the morning of Monday, December 29th. The 1.02964697 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Sunday, December 28th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. As a group, research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.