Large Brazilian Banks Distributed R$58 Billion in Dividends in 2019; Itaú Tops List

All the major banks had a higher dividend yield than the SELIC last year.

RIO DE JANEIRO, BRAZIL - The four major Brazilian publicly traded banks distributed R$58 (US$14.5) billion in dividends and interest on equity (IE) in 2019, according to a survey by the consultancy Economatica. The amount is close to the market value of the Natura Group (NTCO3).

In addition, it is the highest value in profits ever disclosed by financial institutions in Economatica's entire historical series, which begins in 2008.

Itaú Unibanco (ITUB4) paid out the most dividends and IEs in 2019 at R$26.1 billion, followed by Bradesco (BBDC3; BBDC4) at R$17.7 billion. However . . .

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