Best Dividend Stocks in Brazil (October 2026)

ATLAS screened 141 listed companies in Brazil. 45 pass the dividend filters: a yield between 1% and 15%, positive earnings and a payout of no more than 100% of profit. Their median yield is 3.84%. The table ranks the top 25 by yield and shows, next to each, how far the price sits from ATLAS fair value and the model probability of a higher close in a month.

Data as of Oct 27, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.

#	Company	Price	Dividend yield	P/E	vs fair value	Chance up (1 month)
1	BBSE3.SABB Seguridade Participacoes	R$43.14	11.09%	9.0	-30%	52%
2	CURY3.SACury Construtora e Incorporadora	R$27.08	10.05%	9.3	0%	48%
3	LAVV3.SALavvi Empreendimentos Imobiliários	R$9.34	9.00%	8.9	-18%	48%
4	GRND3.SAGrendene	R$3.81	8.77%	7.9	-5%	49%
5	SANB3.SABanco Santander (Brasil)	R$13.07	7.72%	8.0	+4%	50%
6	CPFE3.SACPFL Energia	R$42.70	7.55%	9.6	-23%	50%
7	LEVE3.SAMAHLE Metal Leve	R$32.00	7.54%	7.8	-51%	50%
8	TGMA3.SATegma Gestão Logística	R$39.60	7.20%	13.5	-14%	47%
9	INTB3.SAIntelbras	R$13.31	6.38%	11.4	-30%	45%
10	LREN3.SALojas Renner	R$9.68	6.36%	9.9	-45%	45%
11	PLPL3.SAPlano & Plano Desenvolvimento Imobiliário	R$5.28	6.09%	5.3	-38%	44%
12	CPLE3.SACompanhia Paranaense de Energia - COPEL	R$15.10	6.03%	16.5	+41%	51%
13	PETR3.SAPetróleo Brasileiro	R$60.80	5.71%	6.6	-23%	50%
14	ITUB3.SAItaú Unibanco	R$45.99	5.64%	12.6	+77%	50%
15	UGPA3.SAUltrapar Participações	R$35.24	5.12%	12.4	-2%	50%
16	EZTC3.SAEZTEC Empreendimentos e Participações	R$11.20	4.92%	10.6	+13%	48%
17	RANI3.SAIrani Papel e Embalagem	R$7.38	4.86%	14.3	-36%	51%
18	PGMN3.SAEmpreendimentos Pague Menos	R$2.81	4.53%	11.2	-36%	47%
19	ABEV3.SAAmbev	R$15.37	4.41%	16.4	+8%	52%
20	MOVI3.SAMovida Participações	R$7.75	4.24%	16.4	-3%	46%
21	HYPE3.SAHypera	R$20.56	4.22%	10.7	+49%	47%
22	RENT3.SALocaliza Rent a Car	R$31.67	4.12%	16.8	+55%	48%
23	SANB11.SABanco Santander (Brasil)	R$26.30	3.84%	13.8	+49%	50%
24	EGIE3.SAEngie Brasil Energia	R$27.50	3.65%	9.1	-18%	51%
25	MULT3.SAMultiplan Empreendimentos Imobiliários	R$28.05	3.30%	16.2	+5%	47%

Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.

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The top 10 in a sentence

BB Seguridade Participacoes (BBSE3.SA) yields 11.09% at today's price with a P/E of 9.0, which means roughly 99% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 30% below its fair value. ATLAS gives it a 52% chance of closing higher in a month.
Cury Construtora e Incorporadora (CURY3.SA) yields 10.05% at today's price with a P/E of 9.3, which means roughly 93% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it close to its fair value. ATLAS gives it a 48% chance of closing higher in a month.
Lavvi Empreendimentos Imobiliários (LAVV3.SA) yields 9.00% at today's price with a P/E of 8.9, which means roughly 80% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 18% below its fair value. ATLAS gives it a 48% chance of closing higher in a month.
Grendene (GRND3.SA) yields 8.77% at today's price with a P/E of 7.9, which means roughly 69% of earnings goes to dividends. ATLAS puts it close to its fair value. ATLAS gives it a 49% chance of closing higher in a month.
Banco Santander (Brasil) (SANB3.SA) yields 7.72% at today's price with a P/E of 8.0, which means roughly 62% of earnings goes to dividends. ATLAS puts it close to its fair value. ATLAS gives it a 50% chance of closing higher in a month.
CPFL Energia (CPFE3.SA) yields 7.55% at today's price with a P/E of 9.6, which means roughly 73% of earnings goes to dividends. ATLAS puts it 23% below its fair value. ATLAS gives it a 50% chance of closing higher in a month.
MAHLE Metal Leve (LEVE3.SA) yields 7.54% at today's price with a P/E of 7.8, which means roughly 58% of earnings goes to dividends. ATLAS puts it 51% below its fair value. ATLAS gives it a 50% chance of closing higher in a month.
Tegma Gestão Logística (TGMA3.SA) yields 7.20% at today's price with a P/E of 13.5, which means roughly 97% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 14% below its fair value. ATLAS gives it a 47% chance of closing higher in a month.
Intelbras (INTB3.SA) yields 6.38% at today's price with a P/E of 11.4, which means roughly 73% of earnings goes to dividends. ATLAS puts it 30% below its fair value. ATLAS gives it a 45% chance of closing higher in a month.
Lojas Renner (LREN3.SA) yields 6.36% at today's price with a P/E of 9.9, which means roughly 63% of earnings goes to dividends. ATLAS puts it 45% below its fair value. ATLAS gives it a 45% chance of closing higher in a month.

How ATLAS ranks dividend stocks in Brazil

Yield is the dividends paid over the last twelve months divided by today's price, taken from stored company data. We keep companies with a market value above USD 300 million and enough trading volume, a yield between 1% and 15% (above that the market is usually pricing in a cut), a positive profit margin and a positive P/E.

The payout check is simple: yield multiplied by P/E approximates the share of earnings paid out. Anything above 100% is dropped, because a dividend that exceeds what the company earns is hard to keep. What is left is sorted by yield.

Limits: a high yield can also mean a falling price. Yields are trailing figures, not promises, and companies can cut or skip dividends. Withholding tax, currency effects and your own tax situation are not included. The probability of a higher close comes from ATLAS's calibrated one-month model, which gives most stocks a figure close to 50%, so do not read it as a forecast. This is information, not investment advice.

Frequently asked questions

What are the best dividend stocks in Brazil?

Of 45 companies that pass ATLAS dividend filters in Brazil, the highest yields in October 2026 belong to BB Seguridade Participacoes, Cury Construtora e Incorporadora, and Lavvi Empreendimentos Imobiliários. The top of the table yields 11.09% and the 25 listed go down to 3.30%. A higher yield is not automatically better: check the payout and whether the price is above fair value.

How does ATLAS pick dividend stocks?

It starts from every published company in Brazil (141), keeps those with a yield between 1% and 15%, positive earnings and a payout under 100%, and ranks them by yield. Fair value and probability are shown for context and do not change the order.

Is a high dividend yield safe?

Not necessarily. Yield rises when the price falls, so a very high figure can signal that investors expect a cut. That is why ATLAS caps the yield at 15% and drops payouts above 100% of profit. Even so, dividends are never guaranteed.

What is the typical dividend yield in Brazil?

Among the 45 companies that pass the filters the median yield is 3.84%, with a median P/E of 11.4. 8 of them are in Industrials, the most represented sector.

How often is this list updated?

Prices, ratios and fair values come from ATLAS's stored data, refreshed every day, and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.

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Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer