O harvest moved your recommended wallet in dividends by making two changes for October.
the papers of OK (VALE3) left the portfolio, giving space to the holding company that invests in it, Bradespar (BRAP4).
in the case of electrobras, the name was kept. However, the common share was replaced, ELET3for the preferred role, ELET6.
Safra explains that the inclusion of Bradespar is due, in addition to the good dividends, to the “opening of the discount of the holding company in relation to Vale in recent months, reaching 27%”.
“However, we continue with the positive thesis for Vale, since the prices of iron ore are recovering with a more positive signal from the Chinese government with regard to stimulus to its economy”, he emphasizes.
Regarding the inclusion of the electric company’s preferred share, the bank says that it sees “a great unlocking of value” with the privatization of the company, “which should favor preferred shares”.
| Company | ticker | Weight | Dividend Yield 2022E |
|---|---|---|---|
| Bradespar | BRAP4 | 10% | 10% |
| Harbor | PSSA3 | 10% | 5.80% |
| Itaú Unibanco | ITUB4 | 10% | 3.50% |
| Bradesco | BBDC4 | 10% | 5.30% |
| BB Security | BBSE3 | 10% | 8.60% |
| TIM | TIMS3 | 10% | 6.90% |
| electrobras | ELET6 | 10% | 3.50% |
| Engie Brazil | EGIE3 | 10% | 9.40% |
| energetic | ENGI11 | 10% | 3.90% |
| Alupar | ALUP11 | 10% | 6% |
Safra’s dividend portfolio has dividend yield (dividend yield) of 6.3%. In September, the portfolio retreated 0.49%, below its benchmarkO Dividend Index (IDIV)which registered an increase of 2.75%.
In the year, the portfolio accumulates an increase of 8.54%, compared to an appreciation of 8.15% in the index.
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Source: Moneytimes
I am a journalist with over 6 years of experience working in the news industry. I currently work as an author for Global Happenings, and my coverage focuses on Technology news. I have written for various publications, including Reuters, The New York Times and The Guardian.
