Banco Bradesco SA Announces Dividend of $0.07 (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) declared a dividend on Wednesday, June 24th. Stockholders of record on Tuesday, July 7th will be given a dividend of 0.067 per share by the bank on Monday, February 8th. This represents a dividend yield of 391.0%. The ex-dividend date of this dividend is Tuesday, July 7th.

Banco Bradesco has increased its dividend payment by an average of 0.2%per year over the last three years. Banco Bradesco has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.57 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 3.5%.

Banco Bradesco Price Performance

NYSE:BBD traded up $0.06 on Thursday, hitting $3.42. The company had a trading volume of 15,203,603 shares, compared to its average volume of 36,556,117. Banco Bradesco has a 52 week low of $2.73 and a 52 week high of $4.30. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.42 and a beta of 0.53. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $3.63 and a two-hundred day moving average of $3.68.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The company had revenue of $1.50 billion for the quarter. On average, research analysts anticipate that Banco Bradesco will post 0.5 earnings per share for the current 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.