Banco Bradesco SA (NYSE:BBD) Declares Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, April 7th. Investors of record on Wednesday, May 6th will be given a dividend of 0.0037 per share by the bank on Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, May 6th. This is a 0.1% increase from Banco Bradesco’s previous monthly dividend of $0.003677.

Banco Bradesco has increased its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.43 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 4.7%.

Banco Bradesco Stock Up 5.0%

NYSE BBD traded up $0.19 on Wednesday, hitting $3.90. 47,552,696 shares of the stock traded hands, compared to its average volume of 41,743,922. The stock has a 50-day moving average of $3.85 and a 200 day moving average of $3.58. Banco Bradesco has a twelve month low of $1.98 and a twelve month high of $4.28. The company has a market capitalization of $41.28 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 0.45 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, February 5th. The bank reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $6.68 billion. As a group, analysts expect that Banco Bradesco will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Company Profile

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.