Banco Bradesco SA (BBD) To Go Ex-Dividend on April 8th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Thursday, March 26th. Stockholders of record on Wednesday, April 8th will be given a dividend of 0.0569 per share by the bank on Monday, November 9th. This represents a c) dividend on an annualized basis and a dividend yield of 18.6%. The ex-dividend date is Wednesday, April 8th.

Banco Bradesco has raised its dividend payment by an average of 0.2%annually 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 Up 0.4%

Shares of NYSE:BBD opened at $3.68 on Monday. The firm has a 50 day simple moving average of $3.87 and a 200 day simple moving average of $3.58. Banco Bradesco has a 52 week low of $1.98 and a 52 week high of $4.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $38.94 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.45 and a beta of 0.55.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $6.68 billion. As a group, research analysts expect that Banco Bradesco will post 0.37 earnings per share for the current 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.