The Extended National Consumer Price Index (IPCA), which measures official inflation in the country, was 0,84% in February. The IBGE released the index last Friday morning (10) and the index accumulated in the last twelve months was 5.60%. Are stock dividends worth it?
The percentage fulfills market speculation that both the basic interest rate, the Selic, and inflation would not give in so soon to the desire to lower. The good news is that some variable income investments can pay off, even in a favorable scenario for fixed income.
According to the survey carried out by TradeMap, considering the dividend yield (DY) of the last twelve months until March and in the portfolio of the Brasil 100 index (IBrX 100), some shares pay dividends that offset the IPCA.
The list features 41 stocks with a projected DY greater than 4% for 2023. Taking inflation as a referencel, 38 assets outweigh income and pay good dividends.
| Company | Code | Segment | Dividend Yield %
12 months to March 2023 |
| PETROBRAS | PETR4 | Refine. Oil | 51,57 |
| PETROBRAS | PETR3 | Refine. Oil | 48,25 |
| TAESA | TAEE11 | Electricity | 15,47 |
| CEMIG | CMIG4 | Electricity | 14,13 |
| CSNMINERACAO | CMIN3 | Metallic Minerals | 14,11 |
| BB SECURITY | BBSE3 | Insurers | 13,28 |
| BANK OF BRAZIL | BBAS3 | Banks | 12,74 |
| COPEL | CPLE6 | Electricity | 12,62 |
| EDP BRAZIL | ENBR3 | Electricity | 12,30 |
| CARDS | GGBR4 | steel industry | 12,29 |
| SANTOS BRP | STBP3 | Storage | 11,15 |
| CPFL ENERGIA | CPFE3 | Electricity | 10,96 |
| CIELO | CIEL3 | Miscellaneous Financial | 10,34 |
| MARFRIG | MRFG3 | Carnes | 10,28 |
| METALLURGICAL GERDAU | GOAU4 | steel industry | 10,18 |
| MOVED | MOVI3 | Car rent | 9,49 |
| BRADESPAR | BRAP4 | Metallic Minerals | 9,44 |
| NATIONAL STEEL | CSNA3 | steel industry | 8,67 |
| ENAUTA PART | ENAT3 | Refine. Oil | 8,01 |
| VALE | VALE3 | Metallic Minerals | 7,55 |
| TELEFONICA | VIVT3 | Telecommunications | 6,17 |
| SANTANDER | SANB11 | Banks | 6,16 |
| BRADESCO | BBDC3 | Banks | 6,13 |
| KLABIN | KLBN11 | Paper | 6,00 |
| FLEURY | FLRY3 | Diagnostics | 5,96 |
| SAFE HARBOR | PSSA3 | Insurers | 5,90 |
| JBS | JBSS3 | Carnes | 5,68 |
| AMBEV | ABEV3 | Drinks | 5,67 |
| ENGIE BRAZIL | EGIE3 | Electricity | 5,66 |
| BRADESCO | BBDC4 | Banks | 5,63 |
Should I invest to receive dividends above inflation?
Dividend yields above inflation and interest rate are seen as a good opportunity in some cases. The reason is because in addition to the possibility of gain, the investor also counts on the performance of the stock and thus, more return.
Companies that have a healthy capital structure, no worrying debt and that can share revenue with shareholders tend to be the ones that compensate for inflation. But calm down, this is not a rule, it is important to analyze each case before putting your money.
Commodity companies have become good dividend payers, both because of the high price of oil and ore. Banks and the electricity sector have a history of yielding above.
Very different from companies that struggle to get resources with high interest rates, even more so if they have debts to pay.
Just looking at the dividends, the investor can fall into the illusion that it is a good deal. Something you don’t want, right? Don’t forget to think regarding other factors such as whether the company continues in the same mold and oscillation over time.
Ready to invest in dividends that pay above inflation?
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