Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Announces Annual Dividend of $0.28

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) announced an annual dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.2808 per share by the utilities provider on Friday, July 5th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Companhia de Saneamento Básico do Estado de São Paulo – SABESP to earn $1.19 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 22.7%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock traded down $0.25 during mid-day trading on Friday, reaching $15.49. The company had a trading volume of 4,553,478 shares, compared to its average volume of 904,455. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $8.75 and a 52 week high of $17.14. The company has a 50 day moving average of $16.04 and a 200-day moving average of $14.62. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.82 and a beta of 1.23.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 76.1% during the 4th quarter. Wellington Management Group LLP now owns 41,226 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 17,817 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 35,191 shares of the utilities provider’s stock worth $536,000 after acquiring an additional 794 shares during the period. Partners Group Holding AG bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $221,000. Perpetual Ltd lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.3% during the 4th quarter. Perpetual Ltd now owns 573,390 shares of the utilities provider’s stock worth $8,733,000 after acquiring an additional 18,449 shares during the period. Finally, OLD Mission Capital LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $176,000. 10.62% of the stock is owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.