Banco do Brasil (BBAS3) approved, at a Board of Directors meeting on November 10, 2026, a reduction of its 2026 payout (the percentage of adjusted net income allocated to shareholders) from 30% to 25%. The decision took into account the continued rise in delinquency in the agribusiness portfolio and its effects on the cost of credit, net income and capital projections. As a result, the payout is limited to the percentage of the mandatory minimum dividend.
To converge to the new percentage, the interim dividend announcements scheduled for 11/11/2026 and 11/19/2026 will not take place. The supplement needed to reach the mandatory minimum dividend will be calculated based on 2026 results and announced on 02/17/2027, with payment on 03/10/2027.
For 2027, Banco do Brasil set the payout at 25% of adjusted net income, equivalent to the mandatory minimum dividend. The declaration and distribution are conditional on the payment being compatible with capital projections at the end of the fiscal year, which will be reported to the 2028 Annual General Meeting. No interim dividends will be declared throughout 2027.
After 2027 ends, the management bodies will assess whether capital projections allow the distribution of the mandatory minimum dividend. The portion of profit that is not distributed will be recorded in a special reserve, to be reversed when projections improve.
The bank classifies the measures as prudential and temporary and said that any changes resulting from the evolution of the indicators will be communicated to the market.
Is BBAS3 worth investing in?
- Price
- R$ 17.10
- as of 11/10/2026
- Dividend yield
- 4.04 %
- P/L
- 7.99
- P/VPA
- 0.51
