Companhia de Saneamento Bsc DEDSP Declares Special Dividend of $0.30 (SBS)

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) announced a special dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.2999 per share by the utilities provider on Monday, July 8th. The ex-dividend date of this dividend is Tuesday, April 30th.

SBS stock opened at $10.53 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.96 billion, a PE ratio of 9.66 and a beta of 0.93. Companhia de Saneamento Bsc DEDSP has a 1 year low of $5.58 and a 1 year high of $12.25.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its quarterly earnings results on Friday, March 29th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.31. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a return on equity of 14.81% and a net margin of 17.40%. Equities research analysts predict that Companhia de Saneamento Bsc DEDSP will post 1.03 EPS for the current fiscal year.

A number of research firms have recently issued reports on SBS. HSBC lowered Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Citigroup lowered Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 16th. Zacks Investment Research upgraded Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. ValuEngine cut Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Janney Montgomery Scott cut Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold”.

An institutional investor recently raised its position in Companhia de Saneamento Bsc DEDSP stock. Geode Capital Management LLC boosted its holdings in Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 70.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 263,303 shares of the utilities provider’s stock after acquiring an additional 108,533 shares during the period. Geode Capital Management LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $2,123,000 at the end of the most recent reporting period.

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Companhia de Saneamento Bsc DEDSP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Dividend History for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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