Banco Bradesco S.A. Plans Monthly Dividend of $0.00 (NYSE:BBD)

Banco Bradesco S.A. (NYSE:BBD) declared a monthly dividend on Friday, August 16th, Wall Street Journal reports. Investors of record on Wednesday, September 4th will be paid 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 of this dividend is Wednesday, September 4th.

Banco Bradesco has increased its dividend by an average of 27.1% annually over the last three years. Banco Bradesco has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Research 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 BBD stock traded down $0.04 during trading hours on Friday, reaching $2.75. The company’s stock had a trading volume of 36,565,180 shares, compared to its average volume of 18,716,857. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. Banco Bradesco has a one year low of $2.16 and a one year high of $3.65. The stock has a market capitalization of $29.31 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.24 and a beta of 0.97. The firm’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.62.

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.