Banco Bradesco SA (NYSE:BBDO) Plans Dividend of $0.06

Banco Bradesco SA (NYSE:BBDO) declared a dividend on Wednesday, June 24th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.0609 per share by the bank on Monday, February 8th. This represents a dividend yield of 408.0%. The ex-dividend date of this dividend is Tuesday, July 7th.

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

Banco Bradesco Price Performance

NYSE BBDO traded up $0.06 during trading hours on Thursday, hitting $2.99. The company had a trading volume of 16,321 shares, compared to its average volume of 74,599. 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 firm has a market capitalization of $31.68 billion, a price-to-earnings ratio of 7.69 and a beta of 0.55. Banco Bradesco has a 52 week low of $2.37 and a 52 week high of $3.80. The firm has a 50 day simple moving average of $3.22 and a 200 day simple moving average of $3.25.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings in shares of Banco Bradesco by 659,843.0% during the third quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock valued at $138,816,000 after purchasing an additional 47,370,132 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Banco Bradesco by 79.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock valued at $8,803,000 after purchasing an additional 1,360,089 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after acquiring an additional 181,299 shares during the period. Kathmere Capital Management LLC boosted its position in Banco Bradesco by 33.5% in the first quarter. Kathmere Capital Management LLC now owns 261,787 shares of the bank’s stock worth $861,000 after purchasing an additional 65,621 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Banco Bradesco by 202.8% in the first quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock worth $716,000 after buying an additional 145,684 shares during the last 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.