Banco Bradesco SA (NYSE:BBDO) Declares Monthly Dividend of $0.00

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Monday, May 11th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.0035 per share by the bank on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a 5.3% increase from Banco Bradesco’s previous monthly dividend of $0.003346.

Banco Bradesco has raised its dividend by an average of 0.3%per year over the last three years.

Banco Bradesco Stock Performance

NYSE BBDO traded down $0.01 during trading hours on Tuesday, hitting $3.28. The company had a trading volume of 77,838 shares, compared to its average volume of 70,834. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a market cap of $34.71 billion, a P/E ratio of 8.40 and a beta of 0.59. Banco Bradesco has a fifty-two week low of $2.37 and a fifty-two week high of $3.80. The business has a fifty day simple moving average of $3.40 and a 200-day simple moving average of $3.26.

Banco Bradesco (NYSE:BBDO) last posted its earnings results on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%. The firm had revenue of $13.07 billion during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Banco Bradesco in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Banco Bradesco currently has a consensus rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.