Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase – Here’s What Happened

Shares of Banco Bradesco S.A. (NYSE:BBDO) saw strong trading volume on Wednesday . 38,755 shares traded hands during mid-day trading, an increase of 82% from the previous session’s volume of 21,352 shares.The stock last traded at $2.02 and had previously closed at $2.11.

Banco Bradesco Stock Down 4.3 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day simple moving average is $2.26 and its 200 day simple moving average is $2.27.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a $0.003 dividend. This represents a $0.04 annualized dividend and a yield of 1.78%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s payout ratio is currently 13.04%.

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.