Banco Bradesco SA (BBDO) to Distribute Monthly Dividend of $0.00 on January 11th

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Thursday, November 5th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.0031 per share by the bank on Monday, January 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 3rd. This is a 9.2% decrease from Banco Bradesco’s previous monthly dividend of $0.0035.

Banco Bradesco has raised its dividend by an average of 0.3% annually over the last three years.

Banco Bradesco Trading Up 1.3%

NYSE:BBDO opened at $2.40 on Friday. The stock’s fifty day moving average price is $3.19 and its two-hundred day moving average price is $3.25. Banco Bradesco has a 1 year low of $2.30 and a 1 year high of $4.16. The company has a market cap of $25.38 billion, a P/E ratio of 5.22 and a beta of 0.57. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.72 and a quick ratio of 1.72.

Banco Bradesco (NYSE:BBDO) last issued its earnings results on Thursday, October 22nd. The bank reported $0.12 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 12.58% and a return on equity of 15.06%. The business had revenue of $7.75 billion during the quarter.

Hedge Funds Weigh In On Banco Bradesco

Several large investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its stake in shares of Banco Bradesco by 11.9% in the third quarter. Ritholtz Wealth Management now owns 274,947 shares of the bank’s stock worth $847,000 after purchasing an additional 29,317 shares during the last quarter. D Orazio & Associates Inc. grew its position in Banco Bradesco by 12.4% during the third quarter. D Orazio & Associates Inc. now owns 144,036 shares of the bank’s stock worth $444,000 after buying an additional 15,876 shares during the period. Park Avenue Securities LLC acquired a new stake in Banco Bradesco in the 3rd quarter worth about $37,000. XXI Wealth LLC raised its position in shares of Banco Bradesco by 156.1% in the 3rd quarter. XXI Wealth LLC now owns 33,666 shares of the bank’s stock valued at $104,000 after purchasing an additional 20,519 shares in the last quarter. Finally, Intergy Private Wealth LLC boosted its position in Banco Bradesco by 44.8% during the 3rd quarter. Intergy Private Wealth LLC now owns 20,370 shares of the bank’s stock worth $63,000 after acquiring an additional 6,302 shares during the period.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company founded in 1943 by Amador Aguiar. Headquartered in Osasco, São Paulo, it serves individuals, businesses and institutions, primarily in Brazil.

The company provides banking services including checking and savings accounts, loans, credit and debit cards, payments and investment products. It also operates in insurance, pension plans, asset management, brokerage and other financial services.

Bradesco serves customers through a network of branches and other service points, as well as digital banking channels.