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

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Monday, October 13th. Investors of record on Wednesday, November 5th will be paid a dividend of 0.0035 per share by the bank on Monday, December 8th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 5th.

Banco Bradesco has decreased 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. 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 Price Performance

Shares of BBD stock opened at $3.39 on Monday. Banco Bradesco has a 1-year low of $1.84 and a 1-year high of $3.55. The stock’s 50-day moving average is $3.22 and its 200 day moving average is $2.95. The company has a market cap of $36.02 billion, a P/E ratio of 9.67, a PEG ratio of 0.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $11.14 billion during the quarter, compared to analyst estimates of $34.75 billion. Banco Bradesco had a return on equity of 13.16% and a net margin of 9.61%. Research analysts predict that Banco Bradesco will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Banco Bradesco in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.40.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.