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

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Monday, May 11th. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.0035 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, June 3rd. This is a 5.3% increase from Banco Bradesco’s previous monthly dividend of $0.003346.

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

Banco Bradesco Stock Down 0.2%

Shares of BBDO traded down $0.01 during mid-day trading on Tuesday, hitting $3.28. 77,838 shares of the company’s stock were exchanged, compared to its average volume of 70,834. The stock has a market cap of $34.71 billion, a price-to-earnings ratio of 8.40 and a beta of 0.59. The firm has a fifty day moving average of $3.40 and a two-hundred day moving average of $3.26. 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 has a twelve month low of $2.37 and a twelve month high of $3.80.

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

Institutional Investors Weigh In On Banco Bradesco

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of Banco Bradesco by 659,843.0% in the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock valued at $138,816,000 after purchasing an additional 47,370,132 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Banco Bradesco by 79.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock worth $8,803,000 after purchasing an additional 1,360,089 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after acquiring an additional 181,299 shares during the period. Kathmere Capital Management LLC increased its position in Banco Bradesco by 33.5% in the first quarter. Kathmere Capital Management LLC now owns 261,787 shares of the bank’s stock worth $861,000 after purchasing an additional 65,621 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Banco Bradesco by 202.8% during the 1st quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock valued at $716,000 after purchasing an additional 145,684 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.