Banco Bradesco SA (NYSE:BBD) announced a special dividend on Wednesday, July 12th, Wall Street Journal reports. Investors of record on Friday, August 4th will be paid a dividend of 0.0058 per share by the bank on Friday, September 8th. This represents a yield of 7.47%. The ex-dividend date is Wednesday, August 2nd.

Shares of Banco Bradesco SA (NYSE:BBD) remained flat at $9.90 during midday trading on Friday. The company’s stock had a trading volume of 8,195,203 shares. The company has a market cap of $60.24 billion, a P/E ratio of 10.53 and a beta of 1.78. The stock has a 50-day moving average price of $8.77 and a 200-day moving average price of $9.14. Banco Bradesco SA has a one year low of $7.15 and a one year high of $10.37.

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BBD has been the topic of several research reports. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, May 5th. BidaskClub downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. ValuEngine upgraded shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Scotiabank upgraded shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $10.65.

About Banco Bradesco SA

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Dividend History for Banco Bradesco SA (NYSE:BBD)

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