Banco BMG S.A. provides commercial and credit, financing, and investment products and services primarily in Brazil. It operates through two segments, Retail Banking and Wholesale Banking. The company offers current account, payroll credit card, payroll loan, personal loan, and retail insurance, as well as digital banking services for retail customers. It also provides financing, structured financial services, derivative instruments, and guarantee insurance for medium and large companies. The company was formerly known as BMG Financeira S.A.Crédito, Financiamento e Investimento and changed its name to Banco BMG S.A. in April 1989. Banco BMG S.A. was founded in 1930 and is headquartered in São Paulo, Brazil. Banco BMG S.A. operates as a subsidiary of Grupo BMG S.A.
Banco BMG Dividend Announcement
• Banco BMG announced a quarterly dividend of R$0.08 per ordinary share which will be made payable on 2024-11-08. Ex dividend date: 2024-10-22
• Banco BMG annual dividend for 2024 was R$0.25
• Banco BMG annual dividend for 2023 was R$0.37
• Banco BMG's trailing twelve-month (TTM) dividend yield is 14.62%
• Banco BMG's payout ratio for the trailing twelve months (TTM) is 51.95%
Banco BMG Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-22 | R$0.08 | quarterly | 2024-11-08 |
2024-07-23 | R$0.08 | quarterly | 2024-08-15 |
2024-04-23 | R$0.08 | quarterly | 2024-05-16 |
2023-12-22 | R$0.34 | quarterly | 2024-02-15 |
2023-10-24 | R$0.02 | quarterly | 2023-11-14 |
2023-04-25 | R$0.02 | quarterly | 2023-05-16 |
2022-12-23 | R$0.13 | quarterly | 2023-02-16 |
2022-10-24 | R$0.24 | quarterly | 2022-11-16 |
2021-12-28 | R$0.32 | quarterly | 2022-02-18 |
2020-12-30 | R$0.18 | quarterly | 2021-04-01 |
2019-12-20 | R$0.25 | quarterly | 2020-02-14 |
Banco BMG Dividend per year
Banco BMG Dividend growth
Banco BMG Dividend Yield
Banco BMG current trailing twelve-month (TTM) dividend yield is 14.62%. Interested in purchasing Banco BMG stock? Use our calculator to estimate your expected dividend yield:
Banco BMG Financial Ratios
Banco BMG Dividend FAQ
Other factors to consider when evaluating Banco BMG as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Banco BMG's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Banco BMG publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Banco BMG distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Banco BMG are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Banco BMG sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Banco BMG distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Banco BMG declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Banco BMG's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Banco BMG's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.