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

by · The Cerbat Gem

Banco Bradesco SA (NYSE:BBD – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.0038 per share by the bank on Friday, December 11th. This represents a $0.05 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 1.8% increase from Banco Bradesco’s previous monthly dividend of $0.0037.

Banco Bradesco has increased its dividend payment by an average of 0.2% per year over the last three years. Banco Bradesco has a dividend payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 37.0%.

Banco Bradesco Price Performance

Shares of NYSE BBD traded down $0.04 during trading on Wednesday, hitting $4.16. 26,947,065 shares of the company were exchanged, compared to its average volume of 35,910,859. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.66 and a beta of 0.46. Banco Bradesco has a 1 year low of $2.98 and a 1 year high of $4.58. The firm’s fifty day moving average price is $3.50 and its 200 day moving average price is $3.58. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.48 and a quick ratio of 1.48.

Banco Bradesco (NYSE:BBD – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 10.55% and a return on equity of 14.61%. The business had revenue of $6.77 billion during the quarter. On average, sell-side analysts expect that Banco Bradesco will post 0.50 earnings per share for the current fiscal year.

About Banco Bradesco

(Get Free Report)

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Through its banking operations, the company serves individuals, businesses, corporate clients and public-sector entities across Brazil.

Bradesco offers a broad range of products and services, including checking and savings accounts, loans, credit cards, mortgages, investment and wealth-management products, payment solutions, foreign-exchange services and investment banking. Its operations also include insurance, pension plans and capitalization products through affiliated businesses.

Founded in 1943 in Marília, São Paulo, Bradesco has developed an extensive distribution network of branches, automated banking facilities and digital channels.

See Also