Banco Bradesco SA (NYSE:BBDO – Get Free Report) declared a monthly dividend on Monday, May 11th. Investors of record on Wednesday, June 3rd will be given a dividend of 0.0035 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, June 3rd. This is a 5.3% increase from Banco Bradesco’s previous monthly dividend of $0.003346.
Banco Bradesco has raised its dividend by an average of 0.3%annually over the last three years.
Banco Bradesco Price Performance
Shares of Banco Bradesco stock traded down $0.03 during trading on Tuesday, hitting $3.26. The stock had a trading volume of 79,661 shares, compared to its average volume of 70,862. The firm has a market cap of $34.49 billion, a price-to-earnings ratio of 8.35 and a beta of 0.59. Banco Bradesco has a 12 month low of $2.37 and a 12 month high of $3.80. The business’s 50-day moving average is $3.40 and its 200 day moving average is $3.26. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.
Read Our Latest Report on Banco Bradesco
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.
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