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 Monday, January 13th,Wall Street Journal reports. Shareholders of record on Friday, January 24th will be paid 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% per year over the last three years. Banco Santander (Brasil) has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Research 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) Trading Up 4.2 %

Shares of BSBR stock traded up $0.17 on Wednesday, reaching $4.22. The company had a trading volume of 736,645 shares, compared to its average volume of 947,238. The company has a 50-day moving average of $4.20 and a 200-day moving average of $4.88. Banco Santander has a 12 month low of $3.75 and a 12 month high of $6.12. The stock has a market cap of $15.71 billion, a PE ratio of 5.63, a PEG ratio of 0.28 and a beta of 1.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

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

About Banco Santander (Brasil)

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.