Banco Bradesco SA (NYSE:BBDO) Plans $0.05 Monthly Dividend

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Thursday, March 26th. Shareholders of record on Wednesday, April 8th will be given a dividend of 0.0518 per share by the bank on Monday, November 9th. This represents a c) dividend on an annualized basis and a yield of 19.7%. The ex-dividend date of this dividend is Wednesday, April 8th.

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

Banco Bradesco Price Performance

Shares of BBDO traded down $0.05 during mid-day trading on Friday, hitting $3.15. 27,304 shares of the stock were exchanged, compared to its average volume of 75,676. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.45. The company has a market cap of $33.33 billion, a PE ratio of 8.06 and a beta of 0.58. Banco Bradesco has a 52-week low of $1.81 and a 52-week high of $3.77. The firm has a 50-day moving average of $3.43 and a two-hundred day moving average of $3.12.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Banco Bradesco currently has an average rating of “Buy”.

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.