Banco Bradesco SA (NYSE:BBDO) Plans $0.06 Dividend

Banco Bradesco SA (NYSE:BBDO) announced a dividend on Wednesday, June 24th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.0609 per share by the bank on Monday, February 8th. This represents a dividend yield of 408.0%. The ex-dividend date is Tuesday, July 7th.

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

Banco Bradesco Stock Up 2.0%

BBDO stock traded up $0.06 during trading on Thursday, hitting $2.99. 16,321 shares of the company’s stock traded hands, compared to its average volume of 74,599. The firm has a market capitalization of $31.68 billion, a P/E ratio of 7.69 and a beta of 0.55. The business has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $3.25. Banco Bradesco has a 1 year low of $2.37 and a 1 year high of $3.80. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17.

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 return on equity of 14.15% and a net margin of 8.95%.The business had revenue of $13.07 billion for the quarter.

Institutional Investors Weigh In On Banco Bradesco

Institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC raised its stake in Banco Bradesco by 79.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock valued at $8,803,000 after acquiring an additional 1,360,089 shares during the last quarter. Royal Bank of Canada raised its position in Banco Bradesco by 307.2% during the 1st quarter. Royal Bank of Canada now owns 20,121 shares of the bank’s stock worth $67,000 after buying an additional 15,180 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Banco Bradesco by 160.5% in the 1st quarter. Cetera Investment Advisers now owns 29,490 shares of the bank’s stock worth $97,000 after acquiring an additional 18,168 shares during the period. Renaissance Technologies LLC increased its stake in shares of Banco Bradesco by 198.9% during the first quarter. Renaissance Technologies LLC now owns 34,999 shares of the bank’s stock worth $115,000 after acquiring an additional 23,289 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in Banco Bradesco by 33.5% in the 1st quarter. Kathmere Capital Management LLC now owns 261,787 shares of the bank’s stock valued at $861,000 after purchasing an additional 65,621 shares in the last quarter.

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.