Banco Bradesco SA (NYSE:BBDO) Announces Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Tuesday, August 11th. Investors of record on Thursday, September 3rd will be given a dividend of 0.0034 per share by the bank on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003366.

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

Banco Bradesco Price Performance

Shares of NYSE:BBDO traded up $0.08 on Wednesday, reaching $3.11. 59,446 shares of the company traded hands, compared to its average volume of 77,310. Banco Bradesco has a fifty-two week low of $2.45 and a fifty-two week high of $3.80. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $32.96 billion, a PE ratio of 7.40 and a beta of 0.55. The company’s 50 day moving average is $3.08 and its 200-day moving average is $3.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Bradesco Company Profile

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.