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

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Monday, May 11th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of 0.0039 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 3rd. This is a 5.2% increase from Banco Bradesco’s previous monthly dividend of $0.003681.

Banco Bradesco has raised its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.56 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 3.6%.

Banco Bradesco Stock Down 0.1%

Shares of Banco Bradesco stock traded down $0.01 during trading hours on Tuesday, hitting $3.65. The company had a trading volume of 20,906,175 shares, compared to its average volume of 39,322,352. 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 company’s 50-day moving average is $3.81 and its two-hundred day moving average is $3.69. The company has a market cap of $38.63 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.47 and a beta of 0.56. Banco Bradesco has a twelve month low of $2.66 and a twelve month high of $4.30.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.50 billion during the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. Analysts anticipate that Banco Bradesco will post 0.49 earnings per share for the current fiscal year.

Banco Bradesco Company Profile

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.