Banco Bradesco SA (NYSE:BBDO) to Issue Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Tuesday, April 7th. Investors of record on Wednesday, May 6th will be paid a dividend of 0.0033 per share by the bank on Monday, June 8th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, May 6th. This is a 0.1% increase from Banco Bradesco’s previous monthly dividend of $0.003343.

Banco Bradesco has increased its dividend payment by an average of 0.3%annually over the last three years.

Banco Bradesco Stock Performance

Banco Bradesco stock traded up $0.14 on Wednesday, reaching $3.48. 67,020 shares of the stock were exchanged, compared to its average volume of 74,184. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Banco Bradesco has a twelve month low of $1.81 and a twelve month high of $3.77. The firm has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $3.15. The stock has a market cap of $36.92 billion, a PE ratio of 8.93 and a beta of 0.61.

Banco Bradesco (NYSE:BBDO) last issued its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.The company had revenue of $12.03 billion for the quarter.

Institutional Investors Weigh In On Banco Bradesco

Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Banco Bradesco by 659,843.0% in the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock valued at $138,816,000 after acquiring an additional 47,370,132 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Banco Bradesco by 79.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock valued at $8,803,000 after purchasing an additional 1,360,089 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after purchasing an additional 181,299 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Banco Bradesco in the third quarter valued at $410,000. Finally, Kathmere Capital Management LLC lifted its position in Banco Bradesco by 82.8% in the fourth quarter. Kathmere Capital Management LLC now owns 196,166 shares of the bank’s stock worth $563,000 after purchasing an additional 88,859 shares during the period.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.