Banco Bradesco SA Declares Dividend of $0.06 (NYSE:BBDO)

Banco Bradesco SA (NYSE:BBDO) declared a dividend on Wednesday, June 24th. Investors of record on Tuesday, July 7th will be paid a dividend of 0.0609 per share by the bank on Monday, February 8th. This represents a dividend yield of 408.0%. The ex-dividend date is Tuesday, July 7th.

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

Banco Bradesco Trading Up 1.4%

Shares of Banco Bradesco stock traded up $0.04 on Thursday, reaching $2.97. 17,597 shares of the company were exchanged, compared to its average volume of 74,606. 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 capitalization of $31.47 billion, a price-to-earnings ratio of 7.62 and a beta of 0.55. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average price of $3.22 and a 200-day moving average price of $3.25.

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

Hedge Funds Weigh In On Banco Bradesco

Several large investors have recently made changes to their positions in the business. SmartHarvest Portfolios LLC lifted its holdings in shares of Banco Bradesco by 21.2% during the first quarter. SmartHarvest Portfolios LLC now owns 16,371 shares of the bank’s stock worth $54,000 after buying an additional 2,863 shares during the last quarter. Intergy Private Wealth LLC grew its position in Banco Bradesco by 31.4% in the first quarter. Intergy Private Wealth LLC now owns 13,920 shares of the bank’s stock valued at $46,000 after acquiring an additional 3,323 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Banco Bradesco during the 4th quarter worth about $32,000. Renaissance Technologies LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth approximately $34,000. Finally, Compound Planning Inc. acquired a new position in Banco Bradesco in the third quarter worth $35,000.

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.