Banco Bradesco SA (BBD) to Issue $0.01 Special Dividend

Banco Bradesco SA (NYSE:BBD) announced a special dividend on Friday, December 22nd, Wall Street Journal reports. Shareholders of record on Thursday, January 4th will be paid a dividend of 0.0057 per share by the bank on Monday, February 12th. This represents a yield of 29.41%. The ex-dividend date of this dividend is Wednesday, January 3rd.

Shares of Banco Bradesco (NYSE:BBD) traded up $0.01 during mid-day trading on Friday, reaching $11.00. The company’s stock had a trading volume of 5,857,721 shares, compared to its average volume of 5,641,571. Banco Bradesco has a 52-week low of $7.83 and a 52-week high of $11.86. The company has a market capitalization of $73,629.39, a price-to-earnings ratio of 11.53, a P/E/G ratio of 0.98 and a beta of 1.72.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Banco Bradesco from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine downgraded Banco Bradesco from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Banco Bradesco presently has an average rating of “Buy” and an average price target of $12.20.

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Banco Bradesco Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Dividend History for Banco Bradesco (NYSE:BBD)

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