StoneCo Ltd. (NASDAQ:STNE) to Issue Special Dividend of $2.53

StoneCo Ltd. (NASDAQ:STNE) declared a special dividend on Tuesday, April 14th. Stockholders of record on Friday, April 24th will be paid a dividend of 2.53 per share on Monday, May 4th. The ex-dividend date is Friday, April 24th.

StoneCo Stock Up 2.2%

Shares of NASDAQ STNE traded up $0.32 during mid-day trading on Wednesday, reaching $14.93. 7,765,436 shares of the company traded hands, compared to its average volume of 5,298,391. The company’s fifty day moving average is $15.13 and its two-hundred day moving average is $15.95. StoneCo has a fifty-two week low of $11.72 and a fifty-two week high of $19.95. The stock has a market cap of $4.27 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.33 and a beta of 1.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.37.

StoneCo (NASDAQ:STNE) last announced its earnings results on Tuesday, March 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. StoneCo had a return on equity of 21.55% and a net margin of 15.38%.The firm had revenue of $675.42 million during the quarter, compared to the consensus estimate of $704.26 million. On average, analysts expect that StoneCo will post 1.16 earnings per share for the current year.

About StoneCo

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.