Banco Bradesco SA (BBD) to Distribute Dividend of $0.07 on February 8th

Banco Bradesco SA (NYSE:BBD) announced a dividend on Wednesday, June 24th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.067 per share by the bank on Monday, February 8th. This represents a dividend yield of 391.0%. The ex-dividend date of this dividend is Tuesday, July 7th.

Banco Bradesco has raised its dividend by an average of 0.2%per year over the last three years. Banco Bradesco has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.57 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 3.5%.

Banco Bradesco Stock Down 0.4%

BBD opened at $3.35 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. Banco Bradesco has a fifty-two week low of $2.73 and a fifty-two week high of $4.30. The firm’s fifty day moving average is $3.62 and its 200 day moving average is $3.68. The stock has a market cap of $35.55 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.42 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The company had revenue of $1.50 billion during the quarter. On average, sell-side analysts forecast that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BBD shares. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Weiss Ratings raised Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.