Banco Bradesco SA (NYSE:BBDO) Shareholders to Collect $0.07 Special Dividend

Banco Bradesco SA (NYSE:BBDO) declared a special dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.0662 per share by the bank on Monday, May 10th. The ex-dividend date is Thursday, October 15th.

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

Banco Bradesco Trading Down 0.3%

Banco Bradesco stock traded down $0.01 during midday trading on Friday, reaching $3.13. The stock had a trading volume of 30,937 shares, compared to its average volume of 76,224. The company has a fifty day moving average of $3.14 and a 200 day moving average of $3.18. Banco Bradesco has a 52-week low of $2.65 and a 52-week high of $3.80. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. The firm has a market cap of $33.17 billion, a price-to-earnings ratio of 7.45 and a beta of 0.48.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company that provides banking and related products to individuals, businesses and institutional clients. Its services include checking and savings accounts, consumer and commercial lending, credit and debit cards, payment services, foreign exchange, investment products and wealth management.

Through its operating businesses, Bradesco also provides insurance, pension and capitalization products, as well as investment banking and asset management services.