Banco Bradesco SA (BBD) to Distribute Monthly Dividend of $0.00 on December 11th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.0038 per share by the bank on Friday, December 11th. This represents a $0.05 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 5th. This is a 1.8% increase from Banco Bradesco’s previous monthly dividend of $0.0037.

Banco Bradesco has raised its dividend by an average of 0.2% annually over the last three years. Banco Bradesco has a dividend payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 37.0%.

Banco Bradesco Price Performance

BBD stock opened at $4.14 on Thursday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. The company’s fifty day moving average price is $3.51 and its 200-day moving average price is $3.58. Banco Bradesco has a one year low of $2.98 and a one year high of $4.58. The company has a market capitalization of $43.92 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 0.65 and a beta of 0.46.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Tuesday, June 30th. The bank reported $0.12 earnings per share for the quarter. The firm had revenue of $6.77 billion during the quarter. Banco Bradesco had a net margin of 10.55% and a return on equity of 14.61%. On average, equities analysts anticipate that Banco Bradesco will post 0.50 EPS for the current fiscal year.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Through its banking operations, the company serves individuals, businesses, corporate clients and public-sector entities across Brazil.

Bradesco offers a broad range of products and services, including checking and savings accounts, loans, credit cards, mortgages, investment and wealth-management products, payment solutions, foreign-exchange services and investment banking. Its operations also include insurance, pension plans and capitalization products through affiliated businesses.

Founded in 1943 in Marília, São Paulo, Bradesco has developed an extensive distribution network of branches, automated banking facilities and digital channels.