Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) to Issue Special Dividend of $0.48

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) announced a special dividend on Friday, December 19th. Shareholders of record on Monday, December 29th will be given a dividend of 0.4772 per share by the utilities provider on Monday, May 11th. The ex-dividend date of this dividend is Monday, December 29th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has decreased its dividend payment by an average of 0.2%per year over the last three years. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a payout ratio of 41.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 64.6%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

NYSE SBS opened at $25.22 on Friday. The business’s fifty day moving average price is $25.34 and its 200-day moving average price is $23.04. The stock has a market capitalization of $17.23 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $14.04 and a 1-year high of $27.25.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp are set to split on the morning of Monday, December 29th. The 1.02964697 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Sunday, December 28th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. On average, equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.