Banco Santander Brasil SA (NYSE:BSBR) to Issue Special Dividend of $0.04
Banco Santander Brasil SA (NYSE:BSBR) declared a special dividend on Monday, October 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, October 11th will be paid a dividend of 0.0422 per share by the bank on Thursday, November 2nd. The ex-dividend date of this dividend is Tuesday, October 10th. This is a boost from Banco Santander Brasil SA’s previous special dividend of $0.04.
Banco Santander Brasil SA has decreased its dividend payment by an average of 15.5% per year over the last three years.
Shares of Banco Santander Brasil SA (NYSE BSBR) traded up 1.93% during trading on Friday, hitting $9.49. 2,060,704 shares of the stock were exchanged. The firm’s 50 day moving average price is $9.03 and its 200-day moving average price is $8.35. Banco Santander Brasil SA has a 52 week low of $6.86 and a 52 week high of $11.75. The stock has a market cap of $35.60 billion, a P/E ratio of 14.38 and a beta of 1.56.
BSBR has been the topic of several research analyst reports. Zacks Investment Research cut shares of Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. BidaskClub cut shares of Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. raised shares of Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 4th. Finally, ValuEngine raised shares of Banco Santander Brasil SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Banco Santander Brasil SA currently has an average rating of “Hold” and a consensus price target of $13.56.
Banco Santander Brasil SA Company Profile
Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.
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