Banco Bradesco S.A. Announces Monthly Dividend of $0.00 (NYSE:BBDO)

Banco Bradesco S.A. (NYSE:BBDO) declared a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Investors of record on Monday, May 6th will be given a dividend of 0.0033 per share by the bank on Monday, June 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, May 3rd.

Banco Bradesco Stock Performance

Shares of NYSE BBDO opened at $2.35 on Thursday. The business has a 50 day moving average price of $2.53 and a two-hundred day moving average price of $2.71. Banco Bradesco has a fifty-two week low of $2.31 and a fifty-two week high of $3.21. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Banco Bradesco in the 2nd quarter worth about $32,000. Envestnet Asset Management Inc. bought a new stake in shares of Banco Bradesco during the third quarter valued at approximately $36,000. Jane Street Group LLC acquired a new position in shares of Banco Bradesco during the first quarter worth approximately $56,000. UBS Group AG increased its position in Banco Bradesco by 6,829.1% in the 3rd quarter. UBS Group AG now owns 27,647 shares of the bank’s stock valued at $74,000 after acquiring an additional 27,248 shares during the period. Finally, Northern Trust Corp raised its stake in Banco Bradesco by 28.4% during the 2nd quarter. Northern Trust Corp now owns 122,936 shares of the bank’s stock valued at $370,000 after acquiring an additional 27,164 shares in the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.