Companies pay dividends in the first week of July

In the first week of July, 9 companies paid dividends and interest on equity, according to a survey by Empiricus Research.

On July 1st, Itaú (ITUB4) and Bradesco (BBDC4) will make monthly distributions of JCP, R$0.0017 for BBDC3, R$0.018 for Bradesco and R$0.015 for Itaú. Itausa (ITSA4) will make quarterly interest deliveries of R$0.023 per share.

On the first day of this month, Mitre (MTRE3) will pay dividends of R$2.9 million, equivalent to R$0.027 per share. The base date for making the dividends was June 20.

Shareholders receive dividends of R$92.5 million and R$237.7 million from Alupar (ALUP11) and 3R Petroleum. Per share, it is R$0.385 from 3R and from Alupar it is R$0.26 per share and R$0.78 per unit.

San Marino saw an increase in referrals

Other companies will also make dividend payments at the beginning of this month. São Martinho (SMTO3) will do so on June 2nd, and companies B3 (B3SA3) and Joaquim Oliveira (JOPA3) will pay their dividends on the 5th.

San Marinho had its recommendation upgraded, as the company's recommendation was raised in the stock market from “Neutral” to “Buy”, with a target price of R$35 by Bank of America. The reason for the change is the more favorable constructive moment in the ethanol and sugar sector due to the rise in short-term prices, in addition to the value of the Real and strong fundamentals.

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Ethanol and sugar market may suffer from shortages

The sugar market is likely to remain balanced or experience a shortage of the product over the next 18 months. Lower ethanol production, combined with high demand for both items, will reduce stocks. According to Bank of America, the global sugar market is likely to have a deficit of 1.2 million tons between October 2024 and September 2025, due to a possible chance of non-growth in Brazilian and Indian production.

Featured photo: Real coins (Reproduction: Money Times)