Banco Bradesco SA (NYSE:BBD) Shareholders to Get $0.07 Special Dividend

Banco Bradesco SA (NYSE:BBD) declared a special dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0728 per share by the bank on Monday, May 10th. The ex-dividend date is Thursday, October 15th.

Banco Bradesco has raised its dividend payment by an average of 0.2%per year over the last three years. Banco Bradesco has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.55 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 3.6%.

Banco Bradesco Trading Up 1.9%

Shares of BBD stock traded up $0.07 during mid-day trading on Friday, reaching $3.58. The stock had a trading volume of 28,019,578 shares, compared to its average volume of 34,615,254. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $37.88 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.54 and a beta of 0.45. The stock’s 50-day moving average price is $3.39 and its two-hundred day moving average price is $3.54. Banco Bradesco has a 52-week low of $2.98 and a 52-week high of $4.30.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. The firm had revenue of $6.77 billion for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%. Equities analysts expect that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Through its banking operations, the company serves individuals, businesses, corporate clients and public-sector entities across Brazil.

Bradesco offers a broad range of products and services, including checking and savings accounts, loans, credit cards, mortgages, investment and wealth-management products, payment solutions, foreign-exchange services and investment banking. Its operations also include insurance, pension plans and capitalization products through affiliated businesses.

Founded in 1943 in Marília, São Paulo, Bradesco has developed an extensive distribution network of branches, automated banking facilities and digital channels.