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

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Tuesday, June 16th. Investors of record on Monday, July 6th will be given a dividend of 0.0034 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, July 6th.

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

Banco Bradesco Stock Performance

BBDO stock traded down $0.05 on Wednesday, reaching $2.95. 247,434 shares of the company were exchanged, compared to its average volume of 74,839. The stock’s fifty day moving average price is $3.29 and its 200 day moving average price is $3.26. The firm has a market capitalization of $31.26 billion, a PE ratio of 7.56 and a beta of 0.55. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. Banco Bradesco has a 12 month low of $2.37 and a 12 month high of $3.80.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings data on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%. The company had revenue of $13.07 billion during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Banco Bradesco currently has a consensus rating of “Buy”.

Banco Bradesco Company Profile

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.