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

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.0037 per share by the bank on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003702.

Banco Bradesco has raised its dividend by an average of 0.2%per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of NYSE BBD traded up $0.01 during mid-day trading on Wednesday, hitting $3.22. The company had a trading volume of 16,474,486 shares, compared to its average volume of 35,992,773. The stock has a market cap of $34.12 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.41 and a beta of 0.53. Banco Bradesco has a 12 month low of $2.84 and a 12 month high of $4.30. The firm’s 50 day simple moving average is $3.48 and its two-hundred day simple moving average is $3.70. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.48 and a quick ratio of 1.48.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Tuesday, June 30th. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%.The company had revenue of $6.77 billion for the quarter. As a group, equities research analysts forecast 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.