Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on August 13th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, June 16th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.0038 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, July 6th.

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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.57 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 3.5%.

Banco Bradesco Stock Down 1.0%

Shares of NYSE:BBD opened at $3.43 on Thursday. The stock’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. Banco Bradesco has a 12-month low of $2.73 and a 12-month high of $4.30. The firm has a market cap of $36.29 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.43 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The firm had revenue of $1.50 billion for the quarter. On average, research analysts forecast that Banco Bradesco will post 0.5 EPS 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.