Monitor the upcoming 2027 AGM for formal shareholder ratification and any changes to the company's dividend policy. The ex-date on October 21 will adjust the stock price by the net per-share amount, creating a small arbitrage window for dividend capture strategies.
Price Chart
Executive Summary
Banco Santander (Brasil) S.A. announced the declaration of Interest on Equity (JCP) totaling R$ 1.5 billion gross (R$ 1.2375 billion net after withholding tax), with payment scheduled for November 9, 2026, and shares trading ex-interest from October 21, 2026. This is a routine capital return event that will be counted toward mandatory dividends for 2026, providing a modest cash yield to shareholders.
Key Facts
- Board approved R$ 1.5 billion gross Interest on Equity distribution, subject to shareholder ratification at the 2027 AGM.
- Net amount after withholding tax is R$ 1.2375 billion.
- Per-share gross amounts: common R$ 0.19095423791, preferred R$ 0.21004966171, unit R$ 0.40100389962.
- Record date for entitlement is October 20, 2026; shares trade ex-interest from October 21, 2026.
- Payment date is November 9, 2026.
- The distribution is fully counted toward mandatory dividends for fiscal year 2026 with no monetary indexation.
- ADR holders will receive payment via The Bank of New York Mellon under applicable local market rules.
Financial Impact
R$ 1.5 billion gross / R$ 1.2375 billion net distribution, representing a routine capital return event. No impact on earnings or guidance.
Risk Factors
- Shareholder ratification at the 2027 AGM is required; any unexpected rejection would be a negative surprise.
- The distribution is counted toward mandatory dividends, which may reduce the likelihood of additional payouts later in the year.
- Withholding tax treatment for non-exempt shareholders reduces net yield.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-004892 |
| Document: 0001292814-26-004892-index-headers.html | 0001292814-26-004892 |
| Document: 0001292814-26-004892-index.html | 0001292814-26-004892 |
| Document: 0001292814-26-004892.txt | 0001292814-26-004892 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $5.77 | awaiting T+20 | — | $4.82 (−16.46%) |
Oct 9, 2026 17d ago | 6-K | $5.77 | awaiting T+20 | — | $4.82 (−16.46%) |
Oct 7, 2026 19d ago | 3 | $5.82 | awaiting T+20 | — | $4.82 (−17.18%) |
Oct 2, 2026 24d ago | 6-K | $5.78 | awaiting T+20 | — | $4.82 (−16.61%) |
Sep 29, 2026 28d ago | Insider Cluster | $5.57 | awaiting T+20 | — | $4.82 (−13.46%) |
Sep 28, 2026 28d ago | Insider Cluster | $5.68 | awaiting T+20 | — | $4.82 (+15.14%) |
Sep 21, 2026 5w ago | 425 | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $4.82 (−17.47%) |
Sep 21, 2026 5w ago | 425 | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $4.82 (−17.47%) |
Sep 21, 2026 5w ago | 6-K | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $4.82 (−17.47%) |
Sep 8, 2026 6w ago | Insider Cluster | $5.89 $5.88 | ▼ −0.17% | ▼ −2.11% | $4.82 (−18.17%) |
US Market Status
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