Banco Bradesco SA Declares Monthly Dividend of $0.00 (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, June 16th. Investors of record on Monday, July 6th will be paid a dividend of 0.0038 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th.

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% meaning 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 1.0%

NYSE BBD traded down $0.04 on Wednesday, reaching $3.43. 41,604,858 shares of the stock traded hands, compared to its average volume of 36,971,965. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average price of $3.69 and a 200-day moving average price of $3.69. The company has a market cap of $36.29 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.43 and a beta of 0.53. Banco Bradesco has a 12 month low of $2.73 and a 12 month high of $4.30.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The business had revenue of $1.50 billion for the quarter. As a group, research analysts forecast that Banco Bradesco will post 0.5 EPS for the current fiscal year.

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.