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

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.0035 per share by the bank on Friday, December 11th. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 1.9% increase from Banco Bradesco’s previous monthly dividend of $0.0034.

Banco Bradesco has raised its dividend payment by an average of 0.3% annually over the last three years.

Banco Bradesco Trading Down 6.9%

Shares of NYSE:BBDO traded down $0.27 during mid-day trading on Wednesday, hitting $3.56. The stock had a trading volume of 190,111 shares, compared to its average volume of 78,646. The company’s 50 day moving average is $3.22 and its 200-day moving average is $3.22. Banco Bradesco has a 12-month low of $2.71 and a 12-month high of $4.16. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $37.78 billion, a PE ratio of 8.49 and a beta of 0.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company that provides banking and related products to individuals, businesses and institutional clients. Its services include checking and savings accounts, consumer and commercial lending, credit and debit cards, payment services, foreign exchange, investment products and wealth management.

Through its operating businesses, Bradesco also provides insurance, pension and capitalization products, as well as investment banking and asset management services.