Banco Bradesco SA (NYSE:BBD) to Issue Special Dividend of $0.07

Banco Bradesco SA (NYSE:BBD) announced a special dividend on Friday, December 19th. Investors of record on Wednesday, December 31st will be given a dividend of 0.0701 per share by the bank on Friday, August 7th. The ex-dividend date of this dividend is Wednesday, December 31st.

Banco Bradesco has decreased its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.43 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 4.7%.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock opened at $3.34 on Monday. The firm has a fifty day moving average of $3.47 and a two-hundred day moving average of $3.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $35.49 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.37 and a beta of 0.57. Banco Bradesco has a 52 week low of $1.85 and a 52 week high of $3.77.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $34.75 billion. Banco Bradesco had a return on equity of 12.95% and a net margin of 9.61%. As a group, equities research analysts predict that Banco Bradesco will post 0.37 EPS for the current year.

About Banco Bradesco

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.