Banco Bradesco SA Plans Monthly Dividend of $0.00 (NYSE:BBDO)

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Tuesday, June 16th. Shareholders of record on Monday, July 6th will be given a dividend of 0.0034 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, July 6th.

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

Banco Bradesco Trading Down 1.7%

Shares of Banco Bradesco stock traded down $0.05 during midday trading on Wednesday, reaching $2.95. The company had a trading volume of 247,434 shares, compared to its average volume of 74,839. The stock has a fifty day moving average price of $3.29 and a 200 day moving average price of $3.26. Banco Bradesco has a fifty-two week low of $2.37 and a fifty-two week high of $3.80. The firm has a market cap of $31.26 billion, a PE ratio of 7.56 and a beta of 0.55. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16.

Banco Bradesco (NYSE:BBDO) last announced its earnings results on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. The company had revenue of $13.07 billion for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 8.95%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Banco Bradesco Company Profile

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.