Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on April 8th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Thursday, February 5th. Shareholders of record on Wednesday, March 4th will be paid a dividend of 0.0036 per share by the bank on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 4th. This is a 2.4% increase from Banco Bradesco’s previous monthly dividend of $0.003527.

Banco Bradesco has decreased its dividend payment by an average of 0.2%annually 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 $0.43 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 Trading Down 0.2%

BBD opened at $3.99 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average of $3.58 and a 200-day moving average of $3.34. Banco Bradesco has a 52-week low of $1.93 and a 52-week high of $4.28.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $6.68 billion. Banco Bradesco had a return on equity of 12.95% and a net margin of 9.61%. Equities analysts forecast that Banco Bradesco will post 0.37 earnings per share for the current fiscal year.

About Banco Bradesco

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.