Banco Bradesco SA (BBD) To Go Ex-Dividend on July 6th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, June 16th. Shareholders of record on Monday, July 6th will be given a dividend of 0.0038 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th.

Banco Bradesco has increased its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.1%

Shares of NYSE BBD opened at $3.44 on Friday. The stock has a market cap of $36.51 billion, a P/E ratio of 8.83, a PEG ratio of 0.43 and a beta of 0.53. The business’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.68. Banco Bradesco has a 12-month low of $2.73 and a 12-month high of $4.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17.

Banco Bradesco (NYSE:BBD) last released its earnings results on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The firm had revenue of $1.50 billion during the quarter. As a group, equities analysts predict that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Banco Bradesco Company Profile

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.