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Bank cited by Barsi as a good dividend payer announces BRL 0.27 per share in JCPs

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According to the document, the gross value per share of BMEB4 will be BRL 0.279408 and BRL 0.254007 per BMEB3 (Image: Publicity/Mercantil do Brasil)

O Mercantile Bank approved the payment of dividends in the amount of R$ 14 million for common shares (BMEB3) and R$9.3 million for preferred shares (BMEB4), shows a document sent to the market this Wednesday (28).

According to the document, the gross value per share of BMEB4 will be BRL 0.279408 and BRL 0.254007 per BMEB3.

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Payment will be made on October 11, and as of October 4 the share will be traded ex-JCPs.

Quoted by Barsi

In April of that year, mega-investor Luiz Barsi statedin interview with Valor Econômicowhich has been buying “a little bit” of the shares of the Mercantile Bank on account of earnings.

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“I buy at R$10 and he pays a higher dividend than the Itau [Unibanco] (ITUB4), gives Itaúsa (ITSA4) It’s from Bradesco (BBDC4)”, he said at the time.

Barsi highlighted, however, that the shares of Banco Mercantil “have practically no liquidity” and who finds it difficult to buy the papers. “When a seller comes along, you try to squeeze him down to your price,” she said.

Mercantil is a medium-sized multiple bank, with national private capital, with almost 80 years of experience in the market.

The company is geographically focused on the Southeast region of the country and operates mainly in credit operations and other banking services aimed at the segment of individuals, specializing in public over 50 years old.

With Kaype Abreu

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