Banco Bradesco SA (BBD) To Go Ex-Dividend on September 3rd

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.0037 per share by the bank on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003702.

Banco Bradesco has increased its dividend payment by an average of 0.2%per year over the last three years. Banco Bradesco has a dividend 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 Price Performance

Shares of NYSE BBD opened at $3.21 on Thursday. The business has a 50-day moving average price of $3.48 and a 200 day moving average price of $3.70. The stock has a market cap of $34.02 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.39 and a beta of 0.53. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. Banco Bradesco has a 52-week low of $2.84 and a 52-week high of $4.30.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. The company had revenue of $6.77 billion for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%. Equities research analysts forecast that Banco Bradesco will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.