Banco Bradesco SA (NYSE:BBD) declared a — dividend on Friday, June 12th, Wall Street Journal reports. Investors of record on Monday, July 6th will be paid a dividend of 0.0038 per share by the bank on Monday, August 10th. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 2nd.

Banco Bradesco has a dividend payout ratio of 6.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.52 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 5.8%.

Shares of Banco Bradesco stock opened at $3.77 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.73. Banco Bradesco has a twelve month low of $2.68 and a twelve month high of $9.59. The business has a 50-day moving average price of $3.76 and a 200 day moving average price of $5.72. The firm has a market cap of $33.31 billion, a PE ratio of 6.82, a P/E/G ratio of 3.30 and a beta of 0.99.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Banco Bradesco had a net margin of 16.31% and a return on equity of 17.35%. The business had revenue of $5.84 billion during the quarter. On average, sell-side analysts expect that Banco Bradesco will post 0.4 EPS for the current year.

Several equities analysts recently weighed in on the company. ValuEngine upgraded Banco Bradesco from a “strong sell” rating to a “sell” rating in a research note on Friday, May 1st. Citigroup lowered Banco Bradesco from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Zacks Investment Research cut Banco Bradesco from a “hold” rating to a “sell” rating in a report on Friday, June 12th. Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Banco Bradesco from $9.50 to $6.50 and set an “overweight” rating on the stock in a report on Friday, March 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.50.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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Dividend History for Banco Bradesco (NYSE:BBD)

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