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

by · The Markets Daily

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 paid 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 payout ratio of 48.8% meaning 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 Trading Down 0.6%

Shares of BBD stock traded down $0.03 on Wednesday, reaching $4.17. 26,947,065 shares of the stock were exchanged, compared to its average volume of 35,910,859. Banco Bradesco has a one year low of $2.98 and a one year high of $4.58. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $44.14 billion, a PE ratio of 9.92, a P/E/G ratio of 0.66 and a beta of 0.46. The stock has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.58.

Banco Bradesco (NYSE:BBD – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. The company had revenue of $6.77 billion for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%. Equities research analysts forecast that Banco Bradesco will post 0.50 EPS 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.

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