Banco Bradesco SA (NYSE:BBD) to Issue Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Monday, May 11th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of 0.0039 per share by the bank on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 3rd. This is a 5.2% increase from Banco Bradesco’s previous monthly dividend of $0.003681.

Banco Bradesco has raised its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.56 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 3.6%.

Banco Bradesco Stock Performance

NYSE BBD traded down $0.02 during trading hours on Tuesday, hitting $3.64. 21,821,389 shares of the company’s stock traded hands, compared to its average volume of 39,323,668. The business’s fifty day moving average price is $3.81 and its two-hundred day moving average price is $3.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $38.52 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.47 and a beta of 0.56. Banco Bradesco has a 52 week low of $2.66 and a 52 week high of $4.30.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The business had revenue of $1.50 billion for the quarter. Equities research analysts predict that Banco Bradesco will post 0.49 EPS for the current year.

Banco Bradesco Company Profile

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.