Banco Santander (Brasil) S.A. Plans Quarterly Dividend of $0.07 (NYSE:BSBR)

Banco Santander (Brasil) S.A. (NYSE:BSBR) declared a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.066 per share by the bank on Monday, February 24th. This represents a $0.26 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Friday, January 24th.

Banco Santander (Brasil) has decreased its dividend payment by an average of 5.6% annually over the last three years. Banco Santander (Brasil) has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander (Brasil) to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 33.8%.

Banco Santander (Brasil) Stock Up 4.2 %

NYSE BSBR traded up $0.17 during trading hours on Wednesday, hitting $4.22. 736,595 shares of the company were exchanged, compared to its average volume of 941,320. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 0.28 and a beta of 1.01. The company has a 50 day moving average of $4.20 and a two-hundred day moving average of $4.88. Banco Santander has a 52-week low of $3.75 and a 52-week high of $6.12.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BSBR shares. Bank of America downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. StockNews.com downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $7.00 to $6.00 in a research note on Monday, November 25th.

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.