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

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.0035 per share by the bank on Friday, December 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, November 5th. This is a 1.9% increase from Banco Bradesco’s previous monthly dividend of $0.0034.

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

Banco Bradesco Trading Down 0.0%

NYSE:BBDO opened at $2.42 on Tuesday. Banco Bradesco has a 12-month low of $2.39 and a 12-month high of $4.16. The company has a current ratio of 1.72, a quick ratio of 1.48 and a debt-to-equity ratio of 2.78. The stock’s 50 day simple moving average is $3.25 and its 200-day simple moving average is $3.27. The firm has a market cap of $25.63 billion, a P/E ratio of 5.33 and a beta of 0.48.

Banco Bradesco (NYSE:BBDO) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a return on equity of 15.06% and a net margin of 12.58%. The firm had revenue of $7.75 billion during the quarter.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Banco Bradesco in the 2nd quarter valued at approximately $33,000. Park Avenue Securities LLC purchased a new stake in Banco Bradesco during the third quarter worth $37,000. Intergy Private Wealth LLC grew its holdings in Banco Bradesco by 44.8% in the third quarter. Intergy Private Wealth LLC now owns 20,370 shares of the bank’s stock valued at $63,000 after purchasing an additional 6,302 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Banco Bradesco by 49.2% in the second quarter. QRG Capital Management Inc. now owns 21,423 shares of the bank’s stock valued at $64,000 after purchasing an additional 7,068 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Banco Bradesco by 307.2% in the first quarter. Royal Bank of Canada now owns 20,121 shares of the bank’s stock valued at $67,000 after buying an additional 15,180 shares in the last quarter.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil’s largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.