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B3 eyes debt-to-EBITDA ratio of 1.1x by middle of 2019

The B3 SA – Brasil, Bolsa, Balcão bourse is expecting to see its debt-to-EBITDA ratio decline to 1.1x by the middle of 2019, Reuters reported May 11, citing investor relations head Rogerio Santana.

The figure which compares debt to earnings before interest, taxes, depreciation, and amortization would be a drop from 2x over the past 12 months.

The institution's dividend payout policy, which will distribute between 70% and 80% of net income to investors, is not up for a change this year, the report added.

The bourse had reported recurring net income of 448.2 million Brazilian reais for the first quarter.

As of May 11, US$1 was equivalent to 3.60 Brazilian reais.