Banco BTG Pactual S.A. (BSP:BPAC3) Dividend Payout Ratio: 0.13 (As of Mar. 2026) — 48% Below Median

What is Banco BTG Pactual S.A. Dividend Payout Ratio?

Banco BTG Pactual S.A. BSP:BPAC3 +0.84% 79 Dividend Payout Ratio is 0.13 as of Mar. 2026, which is 48% below its 10-year median of 0.25. GuruFocus rates BSP:BPAC3 with a GF Score™ of 79/100 and a GF Value™ of R$26.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 327 Capital Markets companies, Banco BTG Pactual S.A. ranks better than 58.72% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Banco BTG Pactual S.A.'s Dividend Payout Ratio for the months ended in Mar. 2026 was 0.13.

The historical rank and industry rank for Banco BTG Pactual S.A.'s Dividend Payout Ratio or its related term are showing as below:

BSP:BPAC3' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.25 Max: 0.55
Current: 0.28

During the past 13 years, the highest Dividend Payout Ratio of Banco BTG Pactual S.A. was 0.55. The lowest was 0.14. And the median was 0.25.

BSP:BPAC3's Dividend Payout Ratio is ranked better than
58.72% of 327 companies
in the Capital Markets industry
Industry Median: 0.34 vs BSP:BPAC3: 0.28

As of today (2026-07-01), the Dividend Yield % of Banco BTG Pactual S.A. is 0.94%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Banco BTG Pactual S.A. was 6.08%. The lowest was 0.51%. And the median was 1.66%.

Banco BTG Pactual S.A.'s Dividends per Share for the months ended in Mar. 2026 was R$0.05.

During the past 12 months, Banco BTG Pactual S.A.'s average Dividends Per Share Growth Rate was 45.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 23.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 37.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Banco BTG Pactual S.A. was 53.50% per year. The lowest was -16.90% per year. And the median was 23.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Banco BTG Pactual S.A. (BSP:BPAC3) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Banco BTG Pactual S.A. Dividend Payout Ratio Related Terms

Banco BTG Pactual S.A. Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Banco BTG Pactual S.A.'s Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Banco BTG Pactual S.A. Dividend Payout Ratio Chart

Banco BTG Pactual S.A. Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.14

0.20

0.19

0.18

0.30

Banco BTG Pactual S.A. Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.18	0.00	0.53	0.44	0.13

BSP:BPAC3 vs MS, GS, SCHW: Dividend Payout Ratio Comparison

For the Capital Markets subindustry, Banco BTG Pactual S.A.'s Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Banco BTG Pactual S.A. Dividend Payout Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Banco BTG Pactual S.A.'s Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Banco BTG Pactual S.A.'s Dividend Payout Ratio falls into.

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79GF Score

Banco BTG Pactual S.A. BSP:BPAC3

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Banco BTG Pactual S.A. Dividend Payout Ratio Calculation

Banco BTG Pactual S.A.'s Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.416	/	1.4
	=	0.30

Banco BTG Pactual S.A.'s Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.049	/	0.39
	=	0.13

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.13 mean?

Banco BTG Pactual S.A. (BSP:BPAC3) has a Dividend Payout Ratio of 0.13 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Banco BTG Pactual S.A. and its competitors. This is 48% below median its historical median of 0.25. Over the past decade, Banco BTG Pactual S.A.'s Dividend Payout Ratio has ranged from 0.14 to 0.55. According to the industry distribution chart, Banco BTG Pactual S.A. ranks #135 out of 327 companies in the Capital Markets industry, placing it in the top 41.3%.

Is Banco BTG Pactual S.A.'s Dividend Payout Ratio too high?

Banco BTG Pactual S.A.'s current Dividend Payout Ratio of 0.13 is 48% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.55. The Capital Markets industry median Dividend Payout Ratio is 0.34. Banco BTG Pactual S.A.'s value of 0.13 is 61.8% below this industry median. Based on the distribution chart, Banco BTG Pactual S.A. ranks #135 out of 327 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Banco BTG Pactual S.A. has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Banco BTG Pactual S.A.'s Dividend Payout Ratio compare to MS and GS?

According to the Capital Markets industry distribution chart, Banco BTG Pactual S.A. ranks #135 out of 327 companies for Dividend Payout Ratio. This puts Banco BTG Pactual S.A. in the upper half of its industry. The industry median Dividend Payout Ratio is 0.34. Banco BTG Pactual S.A.'s value of 0.13 is 61.8% below this benchmark. Historically, Banco BTG Pactual S.A.'s own Dividend Payout Ratio has ranged from 0.14 to 0.55 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.34, Banco BTG Pactual S.A. has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Capital Markets company?

The median Dividend Payout Ratio among Capital Markets companies is 0.34, based on 327 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Banco BTG Pactual S.A.'s current Dividend Payout Ratio of 0.13 is 61.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Banco BTG Pactual S.A. and its competitors. For the Capital Markets industry, the median Dividend Payout Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco BTG Pactual S.A.'s current Dividend Payout Ratio is 0.13, which is 48% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Banco BTG Pactual S.A. stock overvalued right now?

Based on GuruFocus' analysis, Banco BTG Pactual S.A. (BSP:BPAC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$26.31, compared to a current price of R$22.70 — trading 13.7% below its estimated fair value. The current Dividend Payout Ratio is 0.13, which is 48% below median its 10-year median of 0.25 and 61.8% below the Capital Markets industry median of 0.34. Banco BTG Pactual S.A.'s overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Banco BTG Pactual S.A. (BSP:BPAC3), the current Dividend Payout Ratio is 0.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Banco BTG Pactual S.A. (BSP:BPAC3) Overvalued in 2026?

Based on GuruFocus' analysis, Banco BTG Pactual S.A. stock appears to be undervalued. The current stock price of R$22.70 is trading 13.7% below its estimated GF Value™ of R$26.31. GuruFocus considers Banco BTG Pactual S.A. to be Modestly Undervalued.

Key valuation signals for BSP:BPAC3:

Dividend Payout Ratio: 0.13 (48% below median its 10-year median of 0.25)
GF Value™: R$26.31 vs. price of R$22.70 (13.7% below fair value)
GF Score™: 79/100 with 2 warning signs
Industry Position: 61.8% below the Capital Markets median (#135 of 327)

No single metric tells the full story. See the BSP:BPAC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Banco BTG Pactual S.A. Business Description

Industry Financial Services Capital Markets

Comparable Companies BSP:B3SA3 MS GS SCHW HOOD ASX:MQG SHSE:600030 SZSE:300059 SHSE:601211 IBKR SHSE:601066 TSE:8604 SHSE:601688 SHSE:600999 IST:DSTKF SZSE:000776 LPLA HKSE:03908 TW CRCL

Other Exchanges BPAC11:Brazil BPAC5:Brazil

Address Praia de Botafogo, 501 - 5th floor, Botafogo, Torre Corcovado, RJ, BRA, 22250-040

Website https://www.btgpactual.com

Banco BTG Pactual S.A. is a Brazil-based banking firm. It offers financial products and services regarding commercial, investments, credit, financing, capital leases, insurance, and foreign exchange portfolios, among others, in the country and several locations abroad.

79GF Score

Get the complete analysis for BSP:BPAC3

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$22.70

Price

R$26.31

GF Value

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