Banco Bradesco (NYSE:BBDO) Sees Strong Trading Volume – Here’s Why

Banco Bradesco S.A. (NYSE:BBDO) saw strong trading volume on Thursday . 69,289 shares changed hands during trading, an increase of 162% from the previous session’s volume of 26,483 shares.The stock last traded at $1.80 and had previously closed at $1.83.

Banco Bradesco Stock Performance

The stock’s 50-day moving average is $2.06 and its 200-day moving average is $2.21. 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 stock has a market cap of $19.16 billion, a price-to-earnings ratio of 6.92 and a beta of 1.11.

Banco Bradesco Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, August 11th. Stockholders of record on Friday, January 3rd will be given a $0.0329 dividend. This represents a dividend yield of 11.2%. The ex-dividend date is Friday, January 3rd. Banco Bradesco’s payout ratio is 7.69%.

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.