Banco Santander (Brasil) S.A. (BSBR) to Issue Quarterly Dividend of $0.08 on May 28th

Banco Santander (Brasil) S.A. (NYSE:BSBR) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.0792 per share by the bank on Tuesday, May 28th. This represents a $0.32 annualized dividend and a dividend yield of 6.03%. The ex-dividend date is Monday, April 22nd. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Banco Santander (Brasil) has a dividend payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander (Brasil) to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 44.0%.

Banco Santander (Brasil) Stock Performance

NYSE:BSBR opened at $5.26 on Friday. Banco Santander has a 52 week low of $4.93 and a 52 week high of $6.66. The firm has a 50-day moving average price of $5.63 and a two-hundred day moving average price of $5.85. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Banco Santander (Brasil)

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in shares of Banco Santander (Brasil) by 2,783.2% during the 1st quarter. Invesco Ltd. now owns 5,313,671 shares of the bank’s stock valued at $40,915,000 after acquiring an additional 5,129,375 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Banco Santander (Brasil) by 117.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,419,539 shares of the bank’s stock worth $18,431,000 after purchasing an additional 1,844,359 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Banco Santander (Brasil) by 993.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 658,120 shares of the bank’s stock worth $4,186,000 after buying an additional 597,926 shares during the period. Jane Street Group LLC raised its holdings in Banco Santander (Brasil) by 384.4% during the 2nd quarter. Jane Street Group LLC now owns 531,243 shares of the bank’s stock valued at $2,917,000 after acquiring an additional 421,575 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Banco Santander (Brasil) by 20.7% during the second quarter. BlackRock Inc. now owns 1,828,716 shares of the bank’s stock worth $11,631,000 after acquiring an additional 314,107 shares in the last quarter. Institutional investors own 14.53% of the company’s stock.

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.