Banco Bradesco SA (BBD) To Go Ex-Dividend on August 5th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.0037 per share by the bank on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 5th.

Banco Bradesco has raised its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities 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%

Shares of NYSE:BBD opened at $3.60 on Monday. The firm has a fifty day moving average price of $3.49 and a two-hundred day moving average price of $3.71. The company has a market cap of $38.10 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.45 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. Banco Bradesco has a one year low of $2.73 and a one year high of $4.30.

Banco Bradesco (NYSE:BBD) last released its quarterly 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 firm had revenue of $1.50 billion for the quarter. Analysts anticipate that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Banco Bradesco

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.