Banco Bradesco SA (NYSE:BBD) Raises Dividend to $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Thursday, February 5th. Investors of record on Wednesday, March 4th will be paid a dividend of 0.0036 per share by the bank on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 4th. This is a 2.4% increase from Banco Bradesco’s previous monthly dividend of $0.003527.

Banco Bradesco has decreased its dividend payment by an average of 0.2%per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% indicating that 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 Down 1.9%

BBD stock traded down $0.08 during trading hours on Friday, reaching $3.93. 51,033,544 shares of the stock were exchanged, compared to its average volume of 40,709,703. The company has a market cap of $41.77 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.37 and a beta of 0.52. The firm’s 50-day moving average is $3.57 and its 200-day moving average is $3.33. Banco Bradesco has a 12 month low of $1.93 and a 12 month high of $4.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 1.12.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $6.68 billion. Banco Bradesco had a net margin of 9.61% and a return on equity of 12.95%. On average, equities research analysts expect that Banco Bradesco will post 0.37 earnings per share 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.