Banco Santander (Brasil) S.A. Announces 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. Stockholders 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 dividend yield of 6.31%. The ex-dividend date 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 dividend payout ratio of 33.8% indicating that 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 $0.26 annual dividend with an expected future payout ratio of 35.1%.

Banco Santander (Brasil) Trading Down 0.4 %

NYSE:BSBR opened at $4.19 on Wednesday. Banco Santander has a 52-week low of $3.75 and a 52-week high of $6.06. The stock has a fifty day moving average of $4.15 and a 200 day moving average of $4.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Wall Street Analysts Forecast Growth

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