Banco Bradesco SA (NYSE:BBD) Declares Monthly Dividend of $0.00

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.0037 per share by the bank on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 5th.

Banco Bradesco has increased its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 14.0%.

Banco Bradesco Stock Up 0.1%

Shares of BBD stock traded up $0.01 during mid-day trading on Wednesday, hitting $3.63. 20,289,933 shares of the stock traded hands, compared to its average volume of 36,852,313. Banco Bradesco has a 52-week low of $2.73 and a 52-week high of $4.30. The stock has a market cap of $38.52 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.45 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average is $3.49 and its two-hundred day moving average is $3.69.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The firm had revenue of $1.50 billion during the quarter. Equities analysts predict that Banco Bradesco will post 0.5 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.