Banco Bradesco SA Plans Monthly Dividend of $0.00 (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, June 16th. Shareholders of record on Monday, July 6th will be given a dividend of 0.0038 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, July 6th.

Banco Bradesco has increased its dividend payment 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. Equities analysts expect Banco Bradesco to earn $0.57 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 3.5%.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock traded down $0.04 on Wednesday, hitting $3.43. 41,604,858 shares of the company’s stock were exchanged, compared to its average volume of 36,971,965. The company has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $3.69. Banco Bradesco has a 1 year low of $2.73 and a 1 year high of $4.30. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $36.29 billion, a PE ratio of 8.78, a PEG ratio of 0.43 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The firm had revenue of $1.50 billion during the quarter. As a group, equities analysts anticipate that Banco Bradesco will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BBD. EverSource Wealth Advisors LLC raised its stake in Banco Bradesco by 100.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,353 shares during the last quarter. Brooklyn Investment Group raised its holdings in Banco Bradesco by 1,276.5% in the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after buying an additional 9,842 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at approximately $43,000. Checchi Capital Advisers LLC purchased a new position in Banco Bradesco during the 4th quarter worth $39,000. Finally, Ballentine Partners LLC acquired a new position in Banco Bradesco in the 4th quarter valued at about $41,000.

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.