Banco Bradesco SA (NYSE:BBD) Shares to Pay Monthly Dividend of $0.00

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Thursday, November 5th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.0035 per share by the bank on Monday, January 11th. This represents a $0.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 3rd. This is a 9.2% decrease from Banco Bradesco’s previous monthly dividend of $0.0038.

Banco Bradesco has increased its dividend by an average of 0.2% per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.50 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 4.0%.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock traded up $0.04 during trading on Friday, hitting $2.56. 10,801,157 shares of the stock were exchanged, compared to its average volume of 38,375,555. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.72 and a current ratio of 1.72. Banco Bradesco has a 12 month low of $2.44 and a 12 month high of $4.58. The stock’s fifty day moving average is $3.52 and its 200 day moving average is $3.63. The stock has a market cap of $27.02 billion, a PE ratio of 5.55, a P/E/G ratio of 0.46 and a beta of 0.56.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $7.52 billion. Banco Bradesco had a net margin of 12.58% and a return on equity of 15.06%. As a group, sell-side analysts anticipate that Banco Bradesco will post 0.49 EPS for the current year.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943, the bank serves individuals, businesses and institutional clients through a broad network of branches, digital channels and automated banking services.

Bradesco offers traditional banking products and services, including checking and savings accounts, personal and commercial loans, credit and debit cards, payment solutions, foreign exchange and investment products. Through its related businesses, the company also provides insurance, pension and capitalization products, asset management, brokerage and other financial services.

The company primarily serves customers in Brazil and maintains international activities to support corporate and institutional clients, including services related to international banking and trade.