Banco Bradesco SA (NYSE:BBD) Plans Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 3rd will be given a dividend of 0.0035 per share by the bank on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a 1.6% increase from Banco Bradesco’s previous monthly dividend of $0.003472.

Banco Bradesco has decreased 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.43 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 4.7%.

Banco Bradesco Stock Down 0.4%

NYSE:BBD traded down $0.02 during trading hours on Thursday, reaching $3.52. 24,731,530 shares of the stock were exchanged, compared to its average volume of 43,858,715. The stock has a market cap of $37.41 billion, a PE ratio of 10.04, a PEG ratio of 0.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. Banco Bradesco has a twelve month low of $1.84 and a twelve month high of $3.55. The firm has a 50 day moving average of $3.25 and a 200 day moving average of $2.98.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Banco Bradesco had a net margin of 9.61% and a return on equity of 13.16%. The company had revenue of $11.14 billion during the quarter, compared to analyst estimates of $34.75 billion. On average, equities analysts expect that Banco Bradesco will post 0.37 earnings per share for the current year.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.