Safra Pays $2 Billion Dividend to Its Owners Ahead of Tax Hike

Banco Safra SA paid 11 billion reais ($2 billion) in dividends and interest to the owners of its parent company in 2025, ahead of higher taxes that will kick in this year.

Of the total, which was the highest since at least 2016, 60% came from profits from previous years retained in the bank’s equity, according to the lender’s balance sheet. The figure was more than seven times the 2024 payment and more than twice as big as last year’s profit of 4.4 billion reais.

Many companies in Brazil paid record dividends last year to beat ...