Banco Bradesco SA (NYSE:BBD) to Issue Dividend of $0.07

Banco Bradesco SA (NYSE:BBD) declared a dividend on Wednesday, June 24th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.067 per share by the bank on Monday, February 8th. This represents a yield of 391.0%. The ex-dividend date is Tuesday, July 7th.

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% indicating that its dividend is sufficiently covered by earnings. Equities research 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

BBD stock traded up $0.04 during trading on Thursday, hitting $3.42. 17,147,511 shares of the company traded hands, compared to its average volume of 36,562,449. The company has a market cap of $36.19 billion, a PE ratio of 8.76, a P/E/G ratio of 0.42 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s 50-day simple moving average is $3.63 and its 200 day simple moving average is $3.68. Banco Bradesco has a 1 year low of $2.73 and a 1 year high of $4.30.

Banco Bradesco (NYSE:BBD) last posted 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 business had revenue of $1.50 billion for the quarter. On average, equities analysts expect that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Banco Bradesco

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Banco Bradesco by 100.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after buying an additional 4,353 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Banco Bradesco by 1,276.5% during the third 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. Checchi Capital Advisers LLC purchased a new stake in Banco Bradesco in the 4th quarter worth approximately $39,000. Ballentine Partners LLC acquired a new position in Banco Bradesco in the 4th quarter valued at $41,000. Finally, GAMMA Investing LLC lifted its stake in shares of Banco Bradesco by 40.1% during the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock worth $42,000 after purchasing an additional 3,619 shares during the period.

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.