Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.06 on November 9th

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Thursday, March 26th. Shareholders of record on Wednesday, April 8th will be given a dividend of 0.0569 per share by the bank on Monday, November 9th. This represents a c) annualized dividend and a yield of 19.5%. The ex-dividend date of this dividend is Wednesday, April 8th.

Banco Bradesco has increased its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.3%

Shares of Banco Bradesco stock opened at $3.50 on Friday. Banco Bradesco has a 1-year low of $1.98 and a 1-year high of $4.28. The company’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $3.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.12. The stock has a market capitalization of $37.04 billion, a PE ratio of 8.96, a P/E/G ratio of 0.43 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $6.68 billion. As a group, equities analysts anticipate that Banco Bradesco will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors and hedge funds have recently bought and sold shares of BBD. Aquamarine Financial Cayman Ltd boosted its stake in shares of Banco Bradesco by 8.1% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 148,670,798 shares of the bank’s stock worth $517,056,000 after acquiring an additional 11,137,145 shares during the period. Fisher Asset Management LLC lifted its holdings in Banco Bradesco by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 88,405,292 shares of the bank’s stock worth $298,810,000 after purchasing an additional 306,617 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Banco Bradesco by 25.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock worth $273,604,000 after purchasing an additional 16,908,425 shares during the period. Orbis Allan Gray Ltd bought a new position in Banco Bradesco in the 2nd quarter worth approximately $250,398,000. Finally, Wellington Management Group LLP grew its holdings in Banco Bradesco by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 77,491,815 shares of the bank’s stock valued at $258,048,000 after buying an additional 756,107 shares in the last quarter.

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.