Banco Santander (Brasil) S.A. (NYSE: BSBR) sets R$2B Interest on Equity payout
Rhea-AI Filing Summary
Banco Santander (Brasil) S.A. approved the declaration and payment of Interest on Equity to its shareholders for the 2026 base year. The board authorized a gross distribution of R$ 2,000,000,000.00, which corresponds to R$ 0.25517315448 per common share, R$ 0.28069046993 per preferred share and R$ 0.53586362441 per Unit. After income tax withholding, the net amount will be R$ 1,650,000,000.00, or R$ 0.21051785245 per common share, R$ 0.23156963769 per preferred share and R$ 0.44208749014 per Unit, except for immune or exempt shareholders.
Shareholders on record at the end of January 20, 2026 will be entitled to this Interest on Equity, and the shares will trade ex-rights from January 21, 2026. Payment is scheduled for February 5, 2026, and the amount will be fully considered within the mandatory dividends for the 2026 fiscal year.
Positive
- None.
Negative
- None.
Insights
Santander Brasil approves sizable Interest on Equity distribution for 2026.
Banco Santander (Brasil) S.A. has its board approving Interest on Equity of R$ 2,000,000,000.00 for the 2026 base year. This translates into specific per-share and per-Unit amounts for common, preferred and Unit holders, with net proceeds of R$ 1,650,000,000.00 after income tax withholding for non-exempt investors.
The Interest on Equity will be credited to shareholders of record at the end of January 20, 2026, with shares trading ex-rights from January 21, 2026 and cash payment on February 5, 2026. The company states that this distribution will be fully considered within the mandatory dividends for the 2026 fiscal year, aligning the payout with Brazilian corporate and tax rules.
The filing clarifies that the proposed amount fits within limits set by tax legislation, which is important for preserving its tax-deductible treatment under Brazilian law. Subsequent shareholder approval at the Ordinary General Meeting to be held by April 30, 2027 is referenced, so formal ratification at that meeting will be a procedural step linked to this decision.
FAQ
What distribution did Banco Santander (Brasil) S.A. (BSBR) approve in this report?
What are the record date and ex-date for BSBRs Interest on Equity?
When will Banco Santander (Brasil) S.A. pay the Interest on Equity?
How does this Interest on Equity relate to BSBRs mandatory dividends for 2026?
Are there any conditions or approvals still required for this BSBR Interest on Equity?
AI-generated analysis. How Rhea-AI works. Not financial advice.
