Banco Bradesco (NYSE:BBDO) Shares Gap Down – What’s Next?

Shares of Banco Bradesco S.A. (NYSE:BBDO) gapped down prior to trading on Friday . The stock had previously closed at $2.17, but opened at $2.11. Banco Bradesco shares last traded at $2.12, with a volume of 15,604 shares changing hands.

Banco Bradesco Trading Down 1.4 %

The firm has a market cap of $22.81 billion, a PE ratio of 9.22 and a beta of 1.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $2.30 and a 200 day moving average price of $2.28.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a $0.003 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.70%.

Banco Bradesco Company Profile

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.