Banco Bradesco SA (NYSE:BBDO) Announces Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Thursday, March 12th. Stockholders of record on Monday, April 6th will be paid a dividend of 0.0033 per share by the bank on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, April 6th. This is a 1.8% increase from Banco Bradesco’s previous monthly dividend of $0.003285.

Banco Bradesco has raised its dividend by an average of 0.3%annually over the last three years.

Banco Bradesco Price Performance

Banco Bradesco stock traded down $0.03 during trading on Friday, reaching $3.15. The company had a trading volume of 22,822 shares, compared to its average volume of 75,478. Banco Bradesco has a 12-month low of $1.81 and a 12-month high of $3.77. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12. The stock’s 50 day moving average price is $3.40 and its two-hundred day moving average price is $3.08.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. The company had revenue of $12.03 billion for the quarter. Banco Bradesco had a net margin of 9.85% and a return on equity of 13.78%.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.