Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on May 14th

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Thursday, March 12th. Shareholders of record on Monday, April 6th will be paid a dividend of 0.0037 per share by the bank on Thursday, May 14th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, April 6th. This is a 1.8% increase from Banco Bradesco’s previous monthly dividend of $0.003613.

Banco Bradesco has raised its dividend by an average of 0.2%per year over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 4.7%.

Banco Bradesco Trading Up 0.4%

Banco Bradesco stock opened at $3.68 on Friday. The firm has a market cap of $38.94 billion, a PE ratio of 9.42, a P/E/G ratio of 0.45 and a beta of 0.55. Banco Bradesco has a 12 month low of $1.98 and a 12 month high of $4.28. The stock’s 50 day simple moving average is $3.87 and its two-hundred day simple moving average is $3.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Thursday, February 5th. The bank reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $6.68 billion. Analysts anticipate that Banco Bradesco will post 0.37 earnings per share for the current year.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.