Banco Bradesco S.A. (NYSE:BBD) to Issue $0.00 Monthly Dividend

Banco Bradesco S.A. (NYSE:BBD) declared a monthly dividend on Thursday, August 15th, Wall Street Journal reports. Shareholders of record on Wednesday, September 4th will be given a dividend of 0.0035 per share by the bank on Tuesday, October 8th. This represents a $0.04 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, September 4th.

Banco Bradesco has raised its dividend payment by an average of 27.1% per year over the last three years. Banco Bradesco has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 8.3%.

Banco Bradesco Trading Down 1.4 %

Shares of Banco Bradesco stock traded down $0.04 during midday trading on Friday, reaching $2.75. 36,566,111 shares of the company’s stock traded hands, compared to its average volume of 18,716,863. The stock has a 50 day moving average of $2.35 and a 200-day moving average of $2.62. Banco Bradesco has a 12 month low of $2.16 and a 12 month high of $3.65. The company has a market cap of $29.31 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.