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BB Seguridade to pay 1.56B reais of dividends

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BB Seguridade to pay 1.56B reais of dividends

BB Seguridade Participações SA will pay dividends worth 1.56 billion Brazilian reais, or 80% of the company's net income in the first half, InfoMoney reported.

Shareholders of record as of Aug. 10 will receive a dividend payment of about 78.86 centavos per share, according to a statement. Shares will trade "ex" from Aug. 11.

Payment will be made Aug. 22.

BB Seguridade reported adjusted net income of 956.3 million Brazilian reais for the second quarter of 2017, down 12.0% from the year-ago period.