Banco Bradesco SA (BBDO) To Go Ex-Dividend on December 31st

Banco Bradesco SA (NYSE:BBDO) declared a special dividend on Friday, December 19th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.0637 per share by the bank on Friday, August 7th. The ex-dividend date of this dividend is Wednesday, December 31st.

Banco Bradesco has decreased its dividend by an average of 0.2%per year over the last three years.

Banco Bradesco Stock Performance

Shares of NYSE:BBDO opened at $2.94 on Monday. The stock has a market capitalization of $31.29 billion, a P/E ratio of 8.37 and a beta of 0.62. The firm has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $2.79. Banco Bradesco has a 52 week low of $1.74 and a 52 week high of $3.31. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.64.

Hedge Funds Weigh In On Banco Bradesco

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after buying an additional 181,299 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Banco Bradesco by 5,542.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank’s stock worth $30,000 after purchasing an additional 10,974 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Banco Bradesco by 121.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock valued at $286,000 after purchasing an additional 57,451 shares in the last quarter. D Orazio & Associates Inc. lifted its stake in shares of Banco Bradesco by 432.0% in the second quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank’s stock valued at $182,000 after purchasing an additional 54,085 shares during the period. Finally, Savant Capital LLC purchased a new stake in Banco Bradesco during the second quarter worth about $51,000.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.