Dividends: Active removes Banco do Brasil (BBAS3) from the July portfolio; See new selection

Active Investments removed Banco do Brasil (BBAS3) from the recommended dividend portfolio for July, citing fall of revenues after 4,966 resolution, poor performance of the rural credit portfolio and uncertainties related to profit guidance to 2025.

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This movement reinforces a vision that has been gaining strength in the financial market, with analysts pointing out the increase in risks on BB’s agricultural credit, with direct impact on profitability and dividends.

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The active also mentions that the revision of Guidance generates additional doubts about the bank’s ability to maintain previous levels of profitability and distribution.

In the place of Banco do Brasil, the brokerage firm included Itaúsa (ITSA4), highlighting the consistent history of capital allocation and a dividend policy considered solid.

Dividend Yield is expected to be close to 8% in 2025, sustained by cash generation of major holding offspring.

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The recommended portfolio of active investments dividends advanced 1.6% in June, higher than Ibovespa’s performance, which rose 1.3% in the same period. In 2025, however, the portfolio rises 11.7%, below 15.4% recorded by the index.

For the broker, even with macro uncertainty, 1T25 corporate results continue to indicate resilience in several companies listed. “The combination of expansible multiple, greater international attention and potential political reprinting maintains our constructive view, even if selectivity, for the scholarship,” he said.

See active recommendations for dividends