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

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Tuesday, June 16th. Shareholders of record on Monday, July 6th will be given a dividend of 0.0034 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, July 6th.

Banco Bradesco has increased its dividend by an average of 0.3%annually over the last three years.

Banco Bradesco Stock Down 1.7%

Banco Bradesco stock traded down $0.05 during midday trading on Wednesday, reaching $2.95. The company’s stock had a trading volume of 247,434 shares, compared to its average volume of 74,839. Banco Bradesco has a fifty-two week low of $2.37 and a fifty-two week high of $3.80. 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 company has a market cap of $31.26 billion, a P/E ratio of 7.56 and a beta of 0.55. The business has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $3.26.

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

About Banco Bradesco

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.