Banco Bradesco SA (NYSE:BBDO) Shares Will Pay Monthly Dividend of $0.00

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Thursday, November 5th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.0031 per share by the bank on Monday, January 11th. This represents a $0.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, December 3rd. This is a 9.2% decrease from Banco Bradesco’s previous monthly dividend of $0.0035.

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

Banco Bradesco Trading Up 3.9%

Shares of BBDO traded up $0.09 during trading hours on Friday, reaching $2.46. The stock had a trading volume of 195,506 shares, compared to its average volume of 89,999. Banco Bradesco has a 52 week low of $2.30 and a 52 week high of $4.16. The firm has a 50-day moving average of $3.20 and a 200 day moving average of $3.26. The company has a market cap of $26.04 billion, a P/E ratio of 5.36 and a beta of 0.57. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.78.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a return on equity of 15.06% and a net margin of 12.58%. The company had revenue of $7.75 billion for the quarter.

Hedge Funds Weigh In On Banco Bradesco

A number of large investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in shares of Banco Bradesco during the 2nd quarter worth approximately $33,000. Park Avenue Securities LLC acquired a new stake in shares of Banco Bradesco in the third quarter valued at approximately $37,000. Intergy Private Wealth LLC lifted its position in shares of Banco Bradesco by 44.8% in the third quarter. Intergy Private Wealth LLC now owns 20,370 shares of the bank’s stock worth $63,000 after purchasing an additional 6,302 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Banco Bradesco by 49.2% in the second quarter. QRG Capital Management Inc. now owns 21,423 shares of the bank’s stock worth $64,000 after purchasing an additional 7,068 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Banco Bradesco by 307.2% in the first quarter. Royal Bank of Canada now owns 20,121 shares of the bank’s stock worth $67,000 after purchasing an additional 15,180 shares in the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil’s largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.