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

StoneCo Ltd. (NASDAQ:STNE) declared a special dividend on Tuesday, April 14th. Investors 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 Performance

STNE stock traded up $0.29 during midday trading on Wednesday, reaching $14.90. The stock had a trading volume of 7,019,899 shares, compared to its average volume of 5,283,770. The firm has a fifty day simple moving average of $15.13 and a two-hundred day simple moving average of $15.95. The stock has a market cap of $4.26 billion, a PE ratio of 9.75, a P/E/G ratio of 0.33 and a beta of 1.89. StoneCo has a 52-week low of $11.72 and a 52-week high of $19.95. 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 released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $675.42 million during the quarter, compared to analyst estimates of $704.26 million. StoneCo had a return on equity of 21.55% and a net margin of 15.38%. As a group, equities research analysts anticipate that StoneCo will post 1.16 EPS for the current year.

StoneCo Company Profile

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.