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

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Tuesday, August 11th. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.0034 per share by the bank on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003366.

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

Banco Bradesco Stock Performance

NYSE BBDO traded up $0.08 during trading hours on Wednesday, reaching $3.11. The stock had a trading volume of 59,446 shares, compared to its average volume of 77,310. The stock has a market cap of $32.96 billion, a P/E ratio of 7.40 and a beta of 0.55. Banco Bradesco has a 52-week low of $2.45 and a 52-week high of $3.80. The stock has a fifty day moving average of $3.08 and a 200 day moving average of $3.29. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers bought a new stake in Banco Bradesco during the fourth quarter valued at about $32,000. Renaissance Technologies LLC acquired a new position in shares of Banco Bradesco in the 4th quarter valued at $34,000. Tocqueville Asset Management L.P. bought a new position in Banco Bradesco during the 4th quarter worth approximately $37,000. SmartHarvest Portfolios LLC acquired a new position in Banco Bradesco in the fourth quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. raised its holdings in Banco Bradesco by 974.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock worth $40,000 after buying an additional 12,604 shares during the period.

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.