Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on December 11th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, October 13th. Investors of record on Thursday, November 5th will be paid a dividend of $0.0038 per share by the bank on Friday, December 11th. This represents a $0.05 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, November 5th. This is a 1.8% increase from Banco Bradesco’s previous monthly dividend of $0.0037.

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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.51 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 3.9%.

Banco Bradesco Stock Performance

BBD opened at $2.56 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.78. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.48 and a beta of 0.46. Banco Bradesco has a 52-week low of $2.54 and a 52-week high of $4.58. The firm’s fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $3.64.

Banco Bradesco (NYSE:BBD) last released its earnings results on Thursday, October 22nd. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Banco Bradesco had a return on equity of 15.06% and a net margin of 12.58%. The company had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $7.52 billion. Equities analysts anticipate that Banco Bradesco will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BBD has been the subject of several research reports. JPMorgan Chase & Co. lowered Banco Bradesco from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 29th. Bradesco Corretora downgraded Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $4.20 price target on shares of Banco Bradesco in a research note on Friday, October 9th. Wall Street Zen upgraded Banco Bradesco to a “hold” rating in a research report on Saturday, October 17th. Finally, Itau BBA Securities downgraded Banco Bradesco from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.05.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943, the bank serves individuals, businesses and institutional clients through a broad network of branches, digital channels and automated banking services.

Bradesco offers traditional banking products and services, including checking and savings accounts, personal and commercial loans, credit and debit cards, payment solutions, foreign exchange and investment products. Through its related businesses, the company also provides insurance, pension and capitalization products, asset management, brokerage and other financial services.

The company primarily serves customers in Brazil and maintains international activities to support corporate and institutional clients, including services related to international banking and trade.