StoneCo jumps after unveiling 'extraordinary' dividend

StoneCo

15/04/2026 12:56

** Brazilian payments firm StoneCo's STNE.O shares jump 6% to $15.49 premarket

** STNE late Tuesday announced so-called extraordinary cash dividend of $2.53 per share to shareholders of record as of April 24

** Move comes weeks after closing of sale of its Linx unit

** Distribution is one-time event, STNE says

** 11 of 14 brokerages rate stock "buy" or higher, 2 "hold" and 1 "sell"; median PT $19.50 - data compiled by LSEG

** As of last close, STNE stock down 1.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))